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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 7Twiggyon Mar 27, 2022 4:10pm
204 Views
Post# 34550185

All boats should rise.

All boats should rise.Most of the dividend stocks I have followed have quarterly dividends and fall about the same amount as the dividend on the dividend pay date.  New to Peyto.  Does this same pattern apply to Peyto each month after they pay the dividend.  Interested in past behavior.  Suspect things could be a little different going forward with natural gas prices up and Biden's comments about working with Canada to increase
the amount of natural gas going to the European Union.  Really new to the sector, but with all that is happening seems to me this is the place to be. IMO any number of companies should do well. Thinking of adding tomorrow but which name do I add.  Already have Peyto and Birchcliff and thinking of adding to both or adding a third name.  In this environment there is a good chance all boats will rise.
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