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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

Comment by PlutusofCreteon Sep 20, 2022 10:44pm
218 Views
Post# 34975408

RE:RE:RE: I may be wrong

RE:RE:RE: I may be wrongI say O&G > Cannibis. 

O&G will have it's run up similar to the Cannibis Craze between 2017-2019. ACB has such a large amount of shares outstanding and they continue to issue more shares via "at the market" program. Companies struggling to make positive EBITDA.  

O&G is the opposite situation. Record earnings, record cashflows. Outstanding shares are bought back..common and preferred (see Birchcliff). Debt is going to zero. These companies will survive and thrive. 

Cannibis will crumble and the crumbs will be consolidated into a smaller group of players...maybe at then I might consider investing.  
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