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 > Q3

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Comment by houbahopon Nov 13, 2024 7:41am

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Post# 36309798

RE:RE:RE:RE:RE:Q3

Interesting comments, topdop.
May I say I share alot of your understanding of the issues.

I would say it is a BoD problem.

- Top level in operations. Compare to all other Natgas producers.
- Average level in selling. See how Tourmaline is always innovating in its marketing strategies.
- Bottom level in capital allocation. Dividends, capex and consequently debt management.

I have been a shareholder for over 15 years.

My conclusion: PEY is a trading stock but always keeping a core position to enjoy the positive carry.

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Advancing flagship Ishkõday Gold Project in Ontario