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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 shenty46on Jul 21, 2021 2:23pm
261 Views
Post# 33582226

The last time

The last timeThe last time we had these ng prices, peyto wa strading beteen 30-40 dollars, the othe rdifference is last time this type of prices persisted for around 2013-2015, but this time it is a structural bull run, prices are going to go even much higher from here for many many years to come, and dollar 3.5to 4 may be the new low going forward, onr thing is imminent now, that 6 cents monthly dividend, would be on the cards from first quarter of 2022. I expect record cash flow from 2022 onwards. However i added 1000 more today to take my holding to an even number 50000.
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