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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).


TSX:PEY - Post by User

Post by shenty46on Feb 05, 2021 10:44am
330 Views
Post# 32483369

Motley fool at it again

Motley fool at it againMotley fool today recommended peyto exploration to warren buffet. Seems strange, but kindly read, here is what Motley Fool said:

An energy stock Warren Buffett would surely like

Peyto Exploration and Development Corp(TSX:PEY) is a top tier intermediate natural gas producer. Its competitive advantage is its low cost operations. Peyto has managed this advantage well over the years. This has resulted in strong cash flows and strong financials. Peyto has always operated with the goal of maximizing shareholders returns. In the oil and gas world, this has not been the usual practice. These are all things that Warren Buffett looks for. They’re things that we should all look for too. Because of all of this, Peyto stock was my top stock pick for February

So here we are today, with Peyto stock up 40% in 2021. But it’s not too late for investors to get in on this rally. Peyto is one of the highest quality natural gas stocks out there. And if natural gas fundamentals continue to improve, it will continue to soar.,

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