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 > Div hike or Debt reduction?

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Comment by stockmarket1on Jan 05, 2023 12:47pm

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Post# 35205052

RE:RE:RE:Div hike or Debt reduction?

The energy sector has always been manipulated and cyclical, and will continue to be imo. Peyto, was Ross Healy's top pick on BNN market call very recently. Many analysts are bullish on energy going into 2023. What I've learned in my years of investing is.... whenever the street as a whole are bullish. Too me, thats a good reason to be cautious. Energy shares as a whole have tanked since. Hence, why patience and time is needed to invest in this sector. Of course, my opinion.

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