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 > Hopefully gas prices have bottomed and are on the way to $3

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Comment by houbahopon Dec 18, 2023 3:52pm

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Post# 35790494

RE:Hopefully gas prices have bottomed and are on the way to $3

I did mentioned there is a big support in the vicinities of $10.

I also said I was way long PEY and I would gladly add some more shares at that level.

How someone already long would be disappointed? Could it be because he didn't by the latest dip? This would be a recipe for failure, imo.

Nothing has changed in the fragility of the Natgas market.

A test of the $10 level is still in the cards, imo.

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