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 > Peyto Delivers Strong Reserves Growth In 2023

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Comment by NonCredibleSrcon Feb 17, 2024 9:02am

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Post# 35885678

RE:RE:RE:RE:RE:RE:RE:Peyto Delivers Strong Reserves Growth In 2023

And let's be honest - some on this board are well into 6 figures yearly while waiting! Sure takes the edge off!

stockmarket1 wrote: I was thinking along the same lines. You look at a very long term chart of Nat Gas and you can't help to think that sooner or later the upside is inevitable. Doesn't matter whether it's in 2024 or 2025. It's bound to happen. I think it's been overdone to the downside imho.

As we all now know. Yesterdays Peyto news release shows sunnier days are ahead. Definetly buying on any dip now. Looking forward to reading unpcoming earnings report.

earlybird_787 wrote: Maybe institutional investors are looking past 2024, and are preparing for expected robust Natgas demand in 2025.