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 > Strong buy under anywhere under $14.50???

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Comment by stockmarket1on Aug 27, 2024 9:30am

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Post# 36197432

RE:Strong buy under anywhere under $14.50???

I dunno why $14.50 came to my mind lol. I should have said below $13 or $12. Since mid Feb 2024, Pey has been in a very tight trading range imo and that lead me to say " fully valued " close to $15.

Let's be clear...I've held Pey for several; years now and my cost is much lower than $10. I'm very happy with the performance since -- 2021. The monthly divy is a glorified bonus. I just want this to stay above $15 lol.

houbahop wrote: '' Peyto struggling to get above $15 is telling me that maybe this stock if fully valued between $14.50 - $14.80 ish range??

Strong buy under anywhere under $14.50''

stockmarket1,

How can you say the stock is fully valued in de $14.50-$14.80 range and suggest Strong Buy under $14.50?

Don't you want to reduce position a little when a stock gets into its fully valued range and buy it when its under valued?