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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > TD Report

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Comment by sportstermathewon Mar 05, 2021 10:06am

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Post# 32727077

RE:TD Report

I worked with TD investments for 15 years.

They used 20 year old programs for accounts and trading.

They made more mistakes than trades done properly. It is amazing that they survive at all.

The last time I was happy was when Tom Gunn ran their PIM operation.

But I am getting old.

They can't look forward at all other than what the numbers show them. So they have to be careful.

Also PEY gives the industry very little in return so they have little incentive to promote them at all other than to maybe hold a few shares in an account fund here or there.

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