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).

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Peyto Exploration & Development Corp > Energy Trends

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Comment by stockmarket1on Aug 23, 2024 3:38pm

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Post# 36193919

RE:RE:RE:RE:RE:RE:RE:Energy Trends

I bought and still holding Peyto since the summer of 2021. I've done some small profit taken here and there, but not on a large scale. I love the dividend with peyto which I think is secured for a couple more years. With that said, I say my portfolio weighing in Peyto is about 16%. My risk tolerance is a bit higher lol, and I'm not close to retirement just yet.

I keep a core position and trade around it so, I'm taking advantage of dips etc. Right now, peyto, once again, is struggling to hit $15 so the trading range of $14 to $15 is still in tack. Buy on dips...below $14.50 preferred.

G/L

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