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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 uncutgemson Sep 19, 2021 11:50am
98 Views
Post# 33884478

RE:RE:RE:One small reason AAV has been lagging TOU?

RE:RE:RE:One small reason AAV has been lagging TOU? why would a deal that was struck in april 2020 effect the stock prices over a random 30 day period in late 2021? that's Absurd. There could be all kinds of reasons that aav has lagged tou over a 30 day period but none of them have to do with what aav did in april of 2020. 

aav has almost QUADRUPLED Since their deal with topaz. where is the evidence that has hurt AAV and their shareholders.

yes you just articlued the genius that is TOPAZ. it's called a win win. tou found a way for topaz to win and for tou to win. and only one company in North America could have pulled it off. I remewmber redaing this board when topaz was created with most of the posts wondering when peyto would pull off their topaz. just as I predicted, they never did.

Yasch22 wrote: What I mean by AAV lagging TOU is the same thing you meant when you wrote, "AAV, which has all their assets in Alberta, and has a similar asset profile to tou, has lagged tou over the last month."

Second, I named the Glacier deal as "one small reason" AAV has pretty seriously lagged TOU for a long time, and especially since early 2020. AAV lagged most of its peers until it first made the Entropy announcement and the follow-up announcement in June.

If mermory serves, one analyst who thought the deal was much better for TOU than for AAV was you. A.k.a. Dutchtender, brilliantpebbles, Ceremony, HoneyStivBators, etc. Another was TerribleEng. Topaz is getting $12m per year for a $100m investment, where Advantage takes on all of the risk and expense of managing Glacier. 

Tourmaline and Topaz are sister companies. What benefits one benefits the other. If Topaz share price goes higher, Tourmaline is the richer.


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