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 > New 12 month high

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Comment by sportstermathewon Nov 17, 2021 3:15pm

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Post# 34137646

RE:RE:New 12 month high

Even though I sold a ton of PEY, my overall purchase of it could be about 4000 shares higher until the last week.

I believe in the Peyto guys, but it is the political risks that seem to be able to have the most impact, from taxation (all TFSA's and RSP'S), restricting exports, pipelines, SPR sales and just other negatives back and forth.

I see oil down $2.94 at present.

May be a weak period coming up.

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