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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 perplexed01on Jan 31, 2023 11:27pm
283 Views
Post# 35258610

RE:RE:RE:RE:RE:RE:Crashed

RE:RE:RE:RE:RE:RE:Crashed hope you are correct, Yasch.   i am sure many people bought truckloads of shares below $3 as i did (following your posts - i know  - dont keep thanking you lol).  quick math says effective ~50% divy in my case and others probably much higher yet!  reminds me of 2009 after the crash many stocks had 2 digit divy's.

considering the ominous "macros" you mentioned and that pey SP could easily drop below $10 this summer or sooner - it may be prudent to take some profit soon hoping for a better re-entry point?  forgoing the high safe divy makes the cost of preserving capital expensive so am considering selling  not over 15-20% 

meanwhile i will hope for higher gas bills back home whilst spending my pey divy here in thailand.

btw many cars (especially taxis) and trucks use ng here to save fuel costs.  i wonder why we dont in north america?  safety concerns?
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