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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 stockmarket1on Sep 07, 2023 1:42pm
186 Views
Post# 35624502

RE:Bottom line...

RE:Bottom line...I bought this morning on the dip and ready for more in the next few days should it drop. I favor the deal as they're setting themselves for further growth. Nat Gas isn't going anywhere. 
If we get a much colder winter than expected. I could easily see Peyto shares hit over $14. 

GL


BlueJay2020 wrote: ... the market likes the deal.   Concerns about paying a large divi and then issuing equity at a discount on top of a depressed share price are valid but not material enough to overshadow what is overall a good transaction.

I'm comfortable adding to my position over the next few days.


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