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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 sportstermathewon Dec 01, 2022 9:09am
275 Views
Post# 35142477

RE:RE:RE:RE:Great to be back at $15

RE:RE:RE:RE:Great to be back at $15I am looking at new highs by Xmas, the cold is coming.

Yes my one concern with CR is capacity for NG processing unless they have someone else do it for them.

I am expecting PEY to easily get to $17 again, they could do it in two days as sometimes happens.  Not that the markets have really anything to do with what they have done minute by minute, more of a long term presssure build up like the Hawaiian volcanos.

You notice Peyto does not play games, they buiild the necessary equipment regardless of cash to buy stock or pay debt etc.  It is the returns that are telling them what to do.

By the way there is a new Presentation update out:

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.peyto.com/Files/Presentations/2022/CorpPresNov25-2022.pdf

The charts once updated next year are really going to start to point northward going forward.

I agree with Oldnagger totally.

If CR gets taken out then who do you go after?

I like CR for its trading ability and ranges it tends to make each day.  Although I think my hold approach seems to do better in my other accounts.
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