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 > $15 per share before the next ER?

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Post by Quintessential1on Mar 26, 2022 10:05am

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Post# 34548021

$15 per share before the next ER?

PEY jumped that $12.30 resistance hurdle but it still has a couple more, mainly $13.30ish and $14.40ish before it sees $15.

With the ex-div approaching on the 30th it still has a couple of trading days to try to jump both. If NG stays above $5 it may be doable this week. If not there is always next month's ex-div and the Q1 ER approaching but will NG pricing hold above $5 for that long?

GLTA

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