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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).


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Wow - lot's of price movement
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Comment by houbahopon Jun 14, 2024 9:08pm
207 Views
Post# 36090197

RE:RE:RE:RE:RE:RE:RE:RE:Wow - lot's of price movement

RE:RE:RE:RE:RE:RE:RE:RE:Wow - lot's of price movementI shall try to answewr this one.

Current BoD, helped by some decisions taken in the past, brought share price to $1.
This near death experience reduced considerably Peyto's goodwill in the eyes of long term shareholders.

The burden of proof lies on their flexibitity dealing with the volatile natgas market they are operating in.

In the current natgas market, where would you put the available $? Debt reimbursement or capex? If you push growth when it is time to adopt a defensive strategy, your shareholders will bear the brunt. The opposite is also true. Shareholders assume you are in the best seat to take the decisions. Don't be wrong! 





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