Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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).

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Peyto Exploration & Development Corp > EXPERTS COMMENTS

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Comment by houbahopon Feb 21, 2021 10:38am

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Post# 32621270

RE:RE:RE:RE:RE:RE:RE:EXPERTS COMMENTS

Sure.

But wasn't the writting on the wall back in the Summer of 2017 about the future of Natural gas prices?

Yet, they kept the capex program at record levels for a couple of quarters and took over a year to reduce substancially the dividends. The result of staying in denial about the over leverage of the balance sheet resulted in an over reaction of the stock price down to under $1.

The only positive aspect is for some, including myself, who were able to buy some shares on the cheap side. And for others to put their hands on some calls with very low strike price. :)

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