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 > Solid quarter; Scotia agrees, $22 target price

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Comment by stockmarket1on Aug 16, 2024 4:26pm

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Post# 36183363

RE:RE:RE:RE:RE:RE:Solid quarter; Scotia agrees, $22 target price

Agree. Keep a core position and trade around it. That's what I do. A 5 year chart reveals a great trading range gap between $11 to $15. Anywhere between that is great dollars!! It can't stay above $15 so it's a no brainer lol.

houbahop wrote: I prefer seeing PEY trade between $13 and $16.

Sell $15, buy $13.50 for a 10%+ return and keep those 10% dividends coming in the process.

Low risk, good return trade...

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Advancing flagship Ishkõday Gold Project in Ontario