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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

Comment by sportstermathewon Dec 03, 2021 5:17pm
206 Views
Post# 34196919

RE:Couldn't

RE:Couldn'tI also added a few thousand more today from other positions in the $9.60's, $9.70 range.

My big three positions are now PEY, CR and then about 8000 GXE, not much but will slowly build up to 20,000 over time maybe.

At this price Peyto is paying over 6%, and I don't care where the price goes short-term.  

Used to have FRU and VET, either could do well, VET huge.

CR is a question mark, should do well and has growth in their sights.  Not sure if and when they will pay down debt and buy back shares or pay a divy??

By diversifying my value went up about 20% to 30% compared to PEY if 100%, but with this new drop I think I can move more back into PEY and end up with about 3000 more shares than say in the spring.  Would have been a lot better if I had sold a lot early this morning and waited a bit.

For time being I will just reinvest div's back into PEY, CR or GXE and maybe VET.

Seems like we are always waiting.


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