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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

Comment by sportstermathewon Feb 11, 2021 9:31pm
160 Views
Post# 32548754

RE:Am I right

RE:Am I right A perfect discussion, perfect phone call...

Nope, prices are only for a blip on the screen, whoops missed it.

Now if you said $6 for the next 12 to 24 months with no changes in costs etc. then that would be something.

Peyto has been waiting for the higher prices in the winter period but you can't sell all your apples on the wagon all at once unfortunately.

Anyone know when the next report on earnings is coming out?  4th quarter?  I assume a little later than a normal quarter.

Even though the numbers may be weak or may be better than expected everyone will be focussed on the 1st quarter and 2nd quarter and so on.

I am just happy Peyto is in the $5+ range and hopefully moving higher over time.  The pontoons in the raft are only 10% pumped up with slight movement of signs growing.  We still have a long way to go.

Go back and read a few of the monthly president's Reports, and listen to the conference call from Nov, better, read it in print, you don't miss as much.

I wish there was a video by Gee or others discussing the various slides in the presentation to put things in context.


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