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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 bttmfischeron Dec 06, 2023 4:35pm
97 Views
Post# 35771802

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

RE:RE:RE:RE:RE:RE:RE:Dec 2023 report...What makes our decision making more difficult is that the 52 week high and low are shown at the close of the TSE/NYSE.  For instance the 52 week low is shown as $10.28 for PEY, while I did buy 2k at $10.71 CAD, as I posted previously. I was lucky, because that price was only good for  a couple of
hours, as I recall. So If  the retail investor wants to catch the low of a stock, he has to be observant,
and quick on the trigger.
The under $10 intra-day may have been experienced more than once in 2023, but I was not interested in PEY until July 2023, so I was unaware of it. I still beleive that at $10, it is a buy.
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