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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 mrmomoon Apr 11, 2024 9:55am
103 Views
Post# 35983088

RE:RE:RE:Peyto taking a page from Birchcliff...........

RE:RE:RE:Peyto taking a page from Birchcliff...........petrolia1 wrote:
"They were caught wirh their pants; before. Unfortunatel I held; from over $40 to less than  $1"


I'm sorry for your "unfortunate" exeperience and the losses suffered in the stock over the years Mr. Petrolia, but there is time to be invested in these Canadian O&G companies AND a time NOT to be. This time around, imho, it's the latter and a time NOT be in these gassers. Every possible sign is indicating & pointing for investors to be on the sidelines when it comes to Canadian O&G. and it's VERY hard for even the most enthusiastic of cheerleaders to dismss. If you're a reasonably  experienced investor, one who's also somewhat reasonable in thought and not clouded by ANY emotional baggage, then you KNOW what the situation is. Then, you just have to know when to be in and when to be out.............

The current environment is just NOT conducive for these entities to do well & flourish. And it's completely nutts to think or believe that Peyto trading at $15 is a bargain with Natgas below $2 at HH is a good thing.......Just crazy what investors are willing to swallow or believe these days and ignoring/dismissing facts solely on the basis of a certain flawed or ill conceived mindset they have.......

That for me.... is just recipe for disaster is you ask me..........

GLTA

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