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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > $15.2 to $ 11.89

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Comment by Quintessential1on Dec 09, 2023 9:27am

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Post# 35776130

RE:RE:$15.2 to $ 11.89

It very well could get there if it drops below support here. I have to say I too would be a buyer at that level.

GLTY and all

stockmarket1 wrote: I'm not adding more until the yield hits 12%.Nuff said.

Sukhi19 wrote: NG prices apart but PEY SP cratered despite the Respol addion.

It is trading below the offering price of 11.90.

Market does not seem to care for their hedging policy.

,S4 and Q1 have to be good for the SP to get some traction.