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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 Mar 05, 2024 3:08pm
140 Views
Post# 35916419

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 


Aaaahhh, the expert day-traders have jumped ship.

For fun, because I'm an annoying and boring kinda guy, I looked at this character's SH history dating back to his humble beginnings in 2019.

Turns out they've been harping about shorting ELD, a $3B gold producer in Turkey and Greece, the past 5 years - all the while the stock has increased in value by 4-fold!   (i don't own gold, no position)

No wonder this guy is so upset.

Brokerages probably wouldn't even qualify him for a margin account if he wanted to short.

Gong show.


==================


All that aside, congrats to PEY longs here (especially the brave guys like Nukester) we are starting to see the fog lift.  

Better days ahead.


Give yourselves some credit if you are in since the Pandemic Panic.  

BNN told everyone that PEY as going BK.

The BNN is broken!


I said a few years back PEY is a $25 stock, starting to feel we are going to get there.

The elusive $5B market cap is within reach the next 5yrs.

About the same time BNN will be recommending PEY as a buy.
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