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 > I was

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Comment by GoldStandard41on Mar 04, 2021 7:49am

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Post# 32712899

RE:RE:RE:I was

That's little consolation to me who would have been 95% down if I didn't average down. Having Pey rally 500% and I'm still underwater, it's just a failed investment. So buying Pey in 2018 was 100% turd. I was basically 2 years too early. Absolutely nobody was saying to buy Peyto and pile in when it was 98 cents. There was only talk of underwater hedges and no recovery in sight. Now that it's $6 everyone is optimistic and pumped and analysts are raising targets. What a joke.

sportstermathew wrote: Peyto never was a turrrd.

From their second well onward they have moved nothing but forward even in the darkest of times few can imagine other than a WW3, or Nuclear wasteland. An oil energy wasteland last couple of years.

They have never been a huge company but have grown into a fairly large one that eventually will have some clout. With their ten plants I don't think there are as many in their area, soon to be called PEYTOLAND. The go to guys when you want to spin off something in the area.

Few have as much truth about them as a firm. I know from working on the Alberta Stock exchange in the early 80's, trading firm in 87 crash, I had PUTS in Sept 87 on the S&P500, dang. My timing has always sucked. 90's tech crash and so on and on.

I also had been thinking of selling some shares even today to trade, but I don't have the pocket book anymore to do that so I just add to my positions of PEY and VET when I can. Averaging in on any good company is never a bad thing.

I just wonder going forward if pricing does not collapse how much will Peyto keep the rigs pounding along throughout the summer and into the fall?

Listen and re-listen to the conference call tomorrow, then read it in transcript. If anyone has any great questions send them to the company and maybe they will answer them.

It is not like they are going to announce any major great changes or deals but we will get more info on how they are going to procede with the new plant and lands of which we learned a little bit today. More drilling.

It is darn cold down here on the east coast. I don't think it will disappear very fast either. Hard to say how bad down south.