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 > A Little Surprised There Isn't More Enthusiasm

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Comment by saintpeeteron Nov 18, 2021 4:41pm

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Post# 34142837

RE:A Little Surprised There Isn't More Enthusiasm

I agree - I am surprised there isn't more enthusiasm for the company - but it has had a nice run - the regular monthly dividend will help.

I think all the O&G stocks are going to pause and wait for more data (production and demand)

I fully expect oil ang NG prices to continue to go up until at least mid-2022. Stock share prices will follow, but for now - I think they will retract a bit or pause.

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