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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 Quintessential1on Jun 14, 2023 1:31pm
99 Views
Post# 35496351

RE:Wow....What's up here?

RE:Wow....What's up here?As near as I can tell this is just FED fear that is affecting the entire market.

There is only one wildfire burning near Edson and is deemed "Under Control"

https://www.arcgis.com/apps/dashboards/8d86d267dcf44ad085a11939186f3d3a

Good work by the fire crews on site.

The town remains under evacuation order for safety concerns.


GLTA 



mrmomo wrote: Quite unusual and uncommon for a quiet stock like Peyto to be trading like this! The only other time it's done this much volum wise, was almost 2 years ago. Now it has done so 3 times in the less then 6 months??? Todau inclueded? Something seems up here, but sure what exactly. Anyone have any news or heard any remotely credible rumors? Because for all intents & purposes, this IS NOT normal........for Peyto. Being one of only 3 Eps that are 90%+ NG weighted producers, all of which are down QUITE a bit compared to the norm.....might have something to do with all this strange volume & abnormal trading recently. I guess we'll just have to wait and see......if anything pop up on the radar for them to explain this rather strange development.

GLTA



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