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 > Strength or weakness?

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Comment by MagicPinstripeson Nov 09, 2022 3:17pm

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Post# 35086250

RE:Strength or weakness?

Down almost 10% so far today. Surprising to me as there is usually a run up to earnings.

Perhaps it's a result due to the drop in oil prices, the drop in natural gas prices, the midterm U.S. elections, or the tea leaves in my cup this morning.

Ugly day, but still optimistic in the long term as there's a lot to look forward to! ...especially with winter just around the corner here in Southern Ontario.

Looking forward to reading up on earnings later tonight. :-)

GLTA

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