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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 Resigned2019on Sep 16, 2021 6:06pm
227 Views
Post# 33875100

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

RE:RE:RE:RE:What in blue blazes is going on?Agreed - I think the pricing increase over the last few weeks is probably due to NG price increase and the realization of how much Peyto can benefit from that as their low priced hedges expire.  
Some insiders exercised options and sold shares yesterday and today and I doubt that they would have done that if there was any material transaction or event imminent.

Having said that - I did sell a few thousand shares today at $9.39 - not because I'm bearish, but because I thought this position was getting too large relative to other holdings.

My opinions only!

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