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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > So according to latest presentation

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Comment by topdopon Feb 27, 2022 8:34am

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Post# 34465432

RE:RE:So according to latest presentation

I do agree PEY is likely going back to where it came from, possibly higher.

But your message carries a not-so-hidden implication that that period (of positive retracement) will be a short one; well in history it wasn't and in future it also likely won't be.

I don't mean any of this to curb your enthusiasm, but just by way of a statement of fact to remind folks the road to under $1/sh from over $40/sh took almost 5 YEARS.

So speaking personally, I should be vey happy to witness any double digit share price starting with a "4" ANYTIME after ~2024.

GLTA

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