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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 Jun 11, 2021 3:23pm
319 Views
Post# 33373668

RE:RE:All Aboard

RE:RE:All AboardWe all know things are going to get better, much much better, new ratings up to $9.00 by Canncord and others to follow.

Every day these prices are a reality is another deposit to the bank and hedges printed.  I wonder when they sell on AECO how often do they get paid?  Daily? Weekly? Monthly?

If other firms can pay back a well in 7 months I am sure Peyto can too or close to it, oil and gas are of course on different levels of payback and decline rates.

Almost mid June already, 2nd quarter is almost complete.

Just bought more of our cousin Co. today GXE, sister? cousin, 2nd cousin?  Anyway GXE's debt being paid down close to year end or in 1st quarter next year.  So the question is to diversify a little bit?  VET international oil and NG, GXE small growth stock, CR with lots of potential.  All up today.

Success breeds success


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