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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 Nov 27, 2023 2:41pm
125 Views
Post# 35754891

RE:RE:RE:After

RE:RE:RE:After Combine that with profit taking or tax loss selling and we may see SP dips into levels we thought we long in PEY's past.

I am mildly surprised to see the SP dipping below $13 running up to an ex-div date.

Will it hold the $12.50 support level post ex-div?

Surely the high yield (with a fairly secure dividend) ought to provide some kind of floor.

GLTA



houbahop wrote: For the next to weeks the forecast is for warmer weather across NA:

https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif

Expect some more weakness in natgas prices this week.
Maybe you'll get your opportunity window to load up more Peyto shares.


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