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 > And in 1 year

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Comment by Westcoastenergyon Oct 18, 2024 10:40am

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Post# 36271557

RE:RE:RE:RE:And in 1 year

Stockmarket1, you made me take a look. PEY is 2.7% of my portfolio but is an important contributor to my monthly dividend income. I suppose it would be nice to own more, but I feel given its risk element that it is about the right amount. I don't really pay attention to the daily gyrations and I was actually surprised to see it had hit a 5 year high when I looked at the charts. Just icing on the dividend cake. My largest holdings in energy are TPZ and FRU followed by ARX (only because I bought it at $1.67 in 2020, lol).

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