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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).


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Any opinions on support level? Timing?
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Comment by sportstermathewon Jun 27, 2022 11:31am
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Post# 34784720

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Any opinions on support level? Timing?At two x cashflow I don't know how PEY was overvalued, maybe based on current market sentiment for oil and gas.

One comment on the IV board was that the funds sold down everything in the options markets which basically took all boats down in the lower tide.  

As far as I am concerned this just creates more pressure to the upside eventually as oil is real and no amount of financial instruments will alleviate the supply shortages and coming peak oil levels.

EV's are one thing but heating homes and businesses and making products out of oil and NG or for farming are just increasing more and more.  You can't replace fertilizers with solar.


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