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).

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Peyto Exploration & Development Corp > Margin calls??

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Comment by Larix1on Apr 10, 2022 4:18pm

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Post# 34592146

RE:RE:Margin calls??

I think the stock will be punished for some time when people really start to think about how much royalty will increase. This has happened quickly, but at the same time prices for 2024 and 2025 have risen approximately 70 cents and for my part I will not only look at the next 18 months but also beyond.
Probably there will be a good oppurtunity to sell and buy back quite a bit cheaper but timing would be hard and personally I will not do this trade. Good luck to those of you who do!
I am considering to sell some shares for other reasons even though future cashflows look great, rebalancing and diversification.

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