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 > PEY Moves into Big League

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Post by Sukhi19on Sep 08, 2023 12:58pm

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Post# 35626433

PEY Moves into Big League

NG prices should strengthen and PEY will benefit.

There will be some profit taking as buyers below 12.5 will be tempted to sell. Even those who got the receipts may sell the shares they hold.

Hold and enjoy the 10%+ yield. They said that they will be increasing it in future so fear of a cut is gone. Today BIR, TOU and POU are in green which is a good sign. PEY is definitely better than BIR.

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