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 > Is the dividend reliable?

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Comment by Dadsaid2on Sep 12, 2024 11:30am

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Post# 36220428

RE:RE:RE:Is the dividend reliable?

I forgot to mention (which should be obvious to most) when the oil price drops, PEY share price usually drops as well even if the NGas price doesnt fall as much. This presents a nice buying opportunity (dips) to start adding. I bought 700 at $13.75 the other day when oil went below 65. Even though some on this board say PEY could go below 13. Again this is my decision. Of note WTI oll is back to almost 70 and NGas is up to $2.35..($2.23) 2 days ago when l first posted. PEY up today. GLTA

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