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 > Almost

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Comment by OGInvest0ron Dec 07, 2023 7:15pm

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Post# 35774133

RE:RE:RE:RE:RE:RE:RE:Almost

The way I see it is if you have a 5 plus year time horizon this stock is a no brainer at rock bottom natural gas prices and a handsome div yield. Even if you just wait out the noise you make back your investment in around 7- 8 years (with drip). They have paid a dividend of some kind for many years so they are committed to rewarding shareholders. The day traders can do their thing while we wait for the sp to double -- and the dividend to double the initial investment behind the scenes.

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