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).

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Peyto Exploration & Development Corp > What in blue blazes is going on?

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Comment by Catscratchon Sep 16, 2021 4:46pm

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Post# 33874853

RE:RE:RE:What in blue blazes is going on?

If natural gas prices remain anywhere near current levels through the winter Peyto will be a $20+ stock in no time. Duration is the most important thing, prices don't need to rise to justify a much higher PEY stock.

That said, it certainly seems like the deck stacked for an increasingly tight gas market and much higher prices.

Hold those shares tight and enjoy the ride.

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