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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 Oct 11, 2023 9:15pm
186 Views
Post# 35679819

RE:RE:Upcoming dividend pay...

RE:RE:Upcoming dividend pay...Hi John and thanks for the response. I've held Peyto for a decent amount of time and, for the most part, I really don't participate in " the timing thing ". It's an impossible game. A guess at best. Having said that...we all love to scoop up shares cheaper if possible. Especially if one is bullish with the security held. 

I'm up nicely on this and was just curious of what others thoughts were to my question. And also, I'm plan on holding Peyto for quite some time still. Love the monthly dividend and I believe Nat Gas has legs to go well over $5 at some point down the road. Just my opinion. 
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