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 > Dec 2023 report...

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Comment by stockmarket1on Dec 06, 2023 1:39pm

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Post# 35771411

RE:RE:RE:RE:RE:RE:Dec 2023 report...

As we all know the bottom is never achieved day to day but.....If u believe in Peyto longer term? Then that is where the power of dollar cost averaging comes into play.

Quintessential1 wrote: I find myself agreeing with a lot of what you are stating but I do have another question.

If we are not aiming for the bottom here, what are we keeping the powder dry to buy?

GLTY and all

houbahop wrote: "The question remains: Where is the bottom? Where is the bounce going to happen?"

Don't we all know we'll have the answer weeks after the fact?

The real question is: Where to buy some shares when the risk/reward is there?

The dividend yield is not a parameter in finding the answer, in my book.
Actually, it could be your worse ennemy if the EXPECTED probability of a cut increases.

Look at the leaders behaviour: TOU.to or EQT on the NYSE, you might find a clue.
Natgas futures will also give you a hint but relies greatly on the weather, and it's not good news.

There is way too much oil and gas on the markets. Oil could be the next victim and
there goes the liquids profitability of 14% of Peyto's production.

Keep some powder dry, it might reward you much more than trying to chase the bottom.

AIMHO