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 > Peyto's share price

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Comment by houbahopon Sep 24, 2022 5:51am

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Post# 34983835

RE:Peyto's share price

The result of poor decisions affects Peyto shareholders
vs its gassy peers. A proven track record of stellar execution on the field but
complete value destruction with their past dividends policy leveraging the
balance sheet to near bankruptcy, and more recently, overselling future
production (and basis deals) having a price tag of $0.5.

Peers have all reduce substancially their debt and bought back shares while
Peyto's management are cashing in on free low exercise price options.
Value trap...

I have a feeling they will be bought out.

Peyto VS peers 5-year chart

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