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 > Eric Nuttall....

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Comment by Oldnaggeron Sep 13, 2024 10:25pm

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Post# 36223470

RE:Eric Nuttall....

Hedging will soon be yesterday's news IMO . Natural gas surpluses are disappearing fast and demand next year should be significantly higher. Peyto will renain a very good investment but better action will be found elsewhere . My preferences now are birchcliff , kelt and believe it or not Vermilion

stockmarket1 wrote: Was pretty positive on Peyto this morning. He holds Peyto in his income fund -- cash flow. He also, believes the dividend is safe going into 2026 based on rising Nat Gas prices and their well placed in hedging.Looking forward to buying more on declining prices which I still expect!! Payday next week too.

Market indicies are at all time highs here in Canada. A pull back -- soon enough--- is a sure thing and will offer better buying opprotunities. Still raising cash! Have a great weekend.

G/L