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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

Post by Quintessential1on Feb 18, 2022 6:13pm
210 Views
Post# 34443690

Expect a pop

Expect a popI picked up some of these for my TFSA.  I just like this company.  They seem to do everything right with maybe a small exception in the hedging strategy but I really knoiw very little of the ins and outs so I will assume its more complicated than it looks and like everything they do,  they are doing their best,

I owned this before and ditched it when it came back but before the dividend was reinstated.  Too bad too because I had a pretty good average cost then.
 
I am hoping for a pop after earnings, The production report was really good and I'm surprised it hasn't popped already.  My guess is investors want to see how the funds from those production numbers are allocated.  One way or another I would like to see some it go to shareholders and I think debt reduction would be the best use for most of what doesn't have to go to the limited production expansion that they have discussed.

Glad to be back and looking forward to upcoming earnings.

GLTA and have a great weekend!
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