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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 bttmfischeron Aug 03, 2024 10:52am
166 Views
Post# 36162998

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Peyto...

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Peyto...having been new to PEV in 2023, I bought 2k at $9.71, but after raading some of the negative posts of the company,I teleohoned Jeab-Pierre a couple days later. Neither he, nor anyone else returned my call for two days. The vening of day two he returned my call, and we had a long discussion. Bottom line: I have no reason for worrying, the dividend is safe. At the end of 2023 I bought more        ( k,still cautious) and was pleasently surprised i that t almost made $16. J.P said that their hedging was very successful.(so far, but gave no details). I know very little about the intricaties of hedging, but I view it as almost like a gamble. You could win big, but, can you be winnig time after time? Just my opinion.
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