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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 Oct 29, 2021 2:29pm
288 Views
Post# 34065103

Peyto up nicely today when most are down

Peyto up nicely today when most are downStrange, FRU down 35 cents, when they have had several upgrades.

PEY up nicely 21 cents soon to be fixed above $10 hopefully.

Seems that most earnings reports or updates like CR's report are having little to no impact.

Oil and NG seem to be coming back some.

I have found what has helped some is moving from one to another if one is up say 4% on a day, and another down 3 or 4% then a switch is possible.  Not always perfect but in a bull market it is hard to be wrong long-term.

We all dream of being rich, some are there now and don't really know it.  $5 million is not what it used to be.

I am just trying to be debt free, have some pension income, and maybe enough in the bank to not feel desitute at any given time.

Cashflow and living within ones means are always good ideas, whether we fit in that box is another question.

One thing read about CR was the new wells they are drilling are very good, question is this a result of new drilling tech?  or just the area they are in?

Will Peyto be finding similar patterns?

I know the ERH's are certainly a game changer.






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