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 > Any opinions on support level? Timing?

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Comment by llerrad5on Jun 25, 2022 12:03pm

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Post# 34782335

RE:RE:RE:RE:RE:Any opinions on support level? Timing?

I see support at $11.50, plus the RSI is at 30 which technically means over sold by that indicator.
The SCTR is still strong.
I see a nice move up from here.
Been doing tech analysis for 25 years and have leaned it is only one of many indicators.
Others indicate say over sold too.

PEY One year Chart

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