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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

Post by darter2on Dec 21, 2023 9:57pm
336 Views
Post# 35796982

Up, up and away!

Up, up and away!

Making some serious gains lately and much more to come IMO.  Let's see....start of the winter season, hedged prices, cascades coming online soon, LNG down the road, just closed the purchase of a massive new land package for the future, insider buying, and the start of a bull run on stocks....  And while you wait for the above to happen with the ups and downs, you get to collect a monthly dividend of well over 10%. Still early with pllenty of room to run here and IMO we'll be back at 15 bucks before you know it.  Down the road this stock has 20 bucks written all over it.  My problem is, I won't want to sell because of the monthly income I'm getting....  

 

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