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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 John14v3on Dec 09, 2022 12:41pm
193 Views
Post# 35162005

RE:RE:RE:RE:This Is Fantastic!! What A Difference!! PEY!!

RE:RE:RE:RE:This Is Fantastic!! What A Difference!! PEY!!

The in-kind transfer probably makes sense but I will be honest, I do whatever I can to avoid dealing with Banks and transfering $ in account these accounts, let alone mix the CRA in there. Sounds terrible. So that hassle is probably worth waiting until Jan 3rd, lol.

All I know is just like some of the other Canadians on this board, if PEY is <$16 on January 3rd, $6500 is going into my TFSA and straight into PEY. If 500 other crazy-PEY investors like me do it on Jan 3rd, there will be $3-$4million injection or 216,000 shares.

God Bless you all and Merry Christmas! 


Remember-  Christ is the reason for Christmas and he allows Kings and companies to rise and fall.... and these dividends, not Santa.
 

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