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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 MikeySwooshon Feb 02, 2023 4:38am
299 Views
Post# 35261454

RE:RE:RE:Surprised No Comments on Ceo's Defense of the Dividend

RE:RE:RE:Surprised No Comments on Ceo's Defense of the DividendYasch, I can confirm that over the past couple of quarters that all of the insiders have either increased their share position or held steady. And just to clarify on the exercise of options, if not fully understood by everyone, the insiders have to purchase the shares at the option price, and then they can obviously dispose of them on the open market, which has been happening a lot as of late. If Darren elected to keep the shares on the options he exercised and sold in January, he would have had to put up somewhere in the neighbourhood of $1M to do so. He still holds 2.35M shares, so nothing for anyone to get too worried about.    

https://www.peyto.com/Files/Corporate%20Responsibility/Corporate%20Responsibility/Insider%20Trading%20Summary%20-%20January%2025-2023.pdf


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