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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 07, 2022 6:56pm
161 Views
Post# 34406761

RE:I covered

RE:I coveredAre you high?

You are implying you sold 18000 shares short at 10.75 and then covered them at 10.29...

No broker would let you enter a short position when have an existing long position. Unless the story is you sold 50000 shares and then another 18,000 short.... but then simultaneously entered into a long call options play.

Not to mention the entire thing about selling to buy a house makes no sense... since the amount of margin to go short is the same as holding the long position you said you sold.

Unlike other boards... lets keep trade specifics out of posts and just post sector/company information/discussion. As much as I like the Shenty trade of the day.
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