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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 Apr 19, 2022 10:21am
197 Views
Post# 34612948

Games can provide buying opportunities

Games can provide buying opportunitiesIMO, some brokerage houses playing games with a lot  of the natural gas plays today.  Does not take much on low volume days. Peyto on its way back.  Nice opportunity for some earlier today.  Added a little Pine Cliff. It is coming back also.  With a dividend and record sales should do well for a smaller play. Birchcliff still lagging.  These three and others should still do well in this environment.  Think it is a matter of hours not days before we see them back in the green.
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