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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by Oldnaggeron Sep 15, 2024 5:39pm
148 Views
Post# 36224711

RE:RE:RE:Eric Nuttall....

RE:RE:RE:Eric Nuttall....

I have a lot of Crew that will be converted to TOU . So my portfolio is now too boring for an old fool such as myself. So my recommendations  are really based on a need for more excitement going forward !! 

Peyto is good solid value , and I hope that some day the huge asset value will be unlocked , but I cannot see a path there ,like I can for some of the other players 

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