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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 sportstermathewon Jun 15, 2021 9:52am
328 Views
Post# 33387583

Nothing Holding back Peyto now...

Nothing Holding back Peyto now...With current pricing as with other companies all things are looking good.

Peyto may be in an unique position with all its plants, a new generation plant, tons of land, lots of tech to help with drilling four or five or more rigs just flying.

Like most, management and us together all just wonder when the next shoe will fall.

This is what protects Peyto.  Add in some growth.  I just wish they had bought back 10 to 20 million of shares when they were almost free.  They could have just resold them and paid off 100 million in debt or more eventually.

Right now very few want to sell shares of anything in oil and gas.  For the next two years why would you???




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