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 > Buyback shares to go private???

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Comment by PipelessPauperon Nov 06, 2021 1:02am

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Post# 34095206

RE:RE:Buyback shares to go private???

You literally just explained why buy-backs are one of the most powerful tools for an undervalued companies companies to raise its share price...

How many remaking holders??

answer:
I don't know, but we're gonna see how high the share price has to go and find out!!
enjoy the ride folks

itsalie wrote:

sportstermathew wrote: Ok, I have a question.

They keep talking about these companies being able to make enough money in three years to actually buy back all the shares and go private.

So I am at a loss to understand who is it that actually owns the remaining company?

Is it say 500 remaining shareholders? that would own a part of it?

What are the limits to the numbers? How do you trade the shares or positions?

Don't get me wrong, if they kept buying back shares I am sure the share prices would skyrocket and they would still have to pay a ton out to the remaining holders???

Any ideas?

it's really just make a point that free cash flow can wipe out all debt rather quickly. The fact that the banks are not to lend them oil money anymore is a bit concerning so they all want to repay debt quickly.