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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 DeanEdmontonon Jun 06, 2022 11:51am
262 Views
Post# 34734247

Darren Gee Critics

Darren Gee CriticsI see a lot of criticism on here about him, from my perspective one of the big reasons I own Peyto is Gee. Say what you want about him but he communicates regualry and openly, cares about the shareholder and staff, as well as the environment and is willing to say things most CEOs won't. He has manouvered this company successfully through good times and bad. Most of you have zero idea of just how much talent it takes to run a major company of any kind, let alone a company that produces something as unnpopular a carbon fuels.

If you want to second guess him, no problem, but if you think he is a complete dufous, why do you own this stock. I would never buy stock in a company that I didn't respect and trust the senior executive and Board.
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