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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 Oldnaggeron Mar 18, 2021 10:13am
189 Views
Post# 32825164

The end of wisdom

The end of wisdomWasn't it just yesterday that Peyto was mentioned favourably in the Financial Post ? Wasn't it a week  ago that Biden passed a $1.9 Trillion dollar stimulus package ? What about Motley Fools recommendation ? How about Covid will be conquered this year.
Now we hear that there may be some small inflation in prices. Just what is so bad about that ? An increase in prices will help us more than an increase in interest rates will hurt .People dont stop heating their houses when interest rates tick up.
Try not too be fooled by all the mish mash we are now being fed daily by a very well financed bevy of market manipulators !!
It is your money and it is well placed !!
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