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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

Comment by malx1on Feb 28, 2024 1:49pm
139 Views
Post# 35904411

RE:As expected Pey is red today….

RE:As expected Pey is red today….
Singoa58 wrote:  Profit taking now 
I expect 12.50 before run up again towards end of March 


LOL


Nobody cares what you expect.

Everyone here has different risk-tolerances, time horizons and a far better understanding of NG supply/demand than Singoa58.

Surely you're going to do well with your feverish day-trading and stock-flipping games, while the rest of us are quite content to buy-hold for next 25yrs.

You can go back to Reddit with the penny stock crowd, using wealthsimple to escape $10 commissions.

LOL - trade your way to financial freedom, isn't that what they promise?   

It sounds dumb because it is.


Try stand-up comedy with a flair for finance, you'd do well on tour in Toronto and Vancouver.

And probably make more money too.

Toodles
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