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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 topdopon Apr 10, 2024 8:08am
165 Views
Post# 35980711

RE:To Peyto...tanks today

RE:To Peyto...tanks today

This kind of approach cracks me up.

To keep one's sanity, a broker friend told me this simple sports analogy years ago and it goes something like this: if you are in a stock for the long term, DONT make the mistake of LOOKING AT THE BASKETBALL.

If you are incorrectly focussed that way, all you will see is bounce, bounce, bounce - continually. Up, down, up, down & it will drive you nuts!

Rather, if you took a step back, metaphorically, and looked at the WHOLE GAME - even the SERIES - that picture should tell a completely different story... if you've done your home work. 

After Fukushima, I started buying dirt cheap Aussie Uranium stocks. I bought on and off for a few years. Then I sat tight. And just waited. Years. I got married. Had 2 kids. Moved houses etc. I started selling when I was at x5. And I was something like 2 years too early! But that's Ok. I wasn't greedy : I had a plan.

Similar thing with PEY +five years ago. I decided the baby had been thrown out with the bath water and started buying under $5. I bought 5 or 6 times on THE WAY DOWN most notably just under $2 and then I sat tight and waited. The Parabolic recovery from the lows I had hoped for, did indeed happen & it took me back to $12 & +$14 in 2022 and I sold everything and bought a high 6 figure commercial building in the town where I live.

I did the above in the SHOP sell off too. Still have it all. I trade around a core block & in 2 years have increased total number of shares in that Registered account by 20% - for free.

In PEY, I started building a stake again back in Feb. Current next entry point is around $13.75 ish which, of course, is opportunistic. May or may not happen. But I already have a nice block to build from.

Stop looking at the ball.

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