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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 topdopon Nov 05, 2021 2:23pm
201 Views
Post# 34093355

Today's technical trading...

Today's technical trading......action is obviously appreciated and very positive but we still need to see a Close of +$11.00 to surcumvent Resistence levels set throughout all of 2018.

Thereafter, the next real technical challenge will be punching up from there through, and closing above $12.40 (ish).

Given widely discussed macro issues that are now providing supportive tailwinds to our commodity, sector and Company, if we do the above, we're golden.

These are my views only. Thanks for reading.
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