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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 TerribleEngon Feb 06, 2022 11:20pm
157 Views
Post# 34403382

RE:This one

RE:This one

I have a hard time reading you. You seem to change your outlook for both NG and the company daily. You wrote this literally 3 days ago. And the other quote 2 days before that.

Now you are saying you expect no movement in the stock for the next sixth months when the futures curve is starting to reprice next year and the company is about the announce it's best result in company history and re-rate reserves values in the next few weeks?

You seem bullish based on the fact you bought options for Dec and are foregoing $0.60 in dividends to afford more exposure, but this doesn't seem to jive with this range bound expectation.


This one should quote above dollar 25, ng prices strip for 2022 and forward looks to explode upwards to unimaginable prices in just a month or so.



I may be wrong , but It looks Nymex ng prices crossing dollar 10-15 for February - March  22, and peyto if it gets market participants attention near double from here in next few months itself 

 

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