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

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Post by houbahopon Nov 02, 2022 5:00pm

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Post# 35067880

Not many places to hide in this market

Amazing how the US 10-year T-note is holding its 4% despite inflation
at 7% (if not more...) and the fed on a path of increasing rates.
A situation expected for quite a while for the ones believing in cycles.

The T-notes are so expensive while at the other side of the spectrum,
natural gas companies are so cheap.

Something will have to give... eventually.

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Two micro-cap stocks with strong fundamentals