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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 Westcoastenergyon Nov 13, 2024 1:41pm
146 Views
Post# 36310720

RE:RE:RE:RE:RE:Q3

RE:RE:RE:RE:RE:Q3 I suspect if you had held on, like I have, you would have paid off your initial investment over the years through dividends.  I consider it all gravy now.  The company is not likely to worth zero any time soon and I am quite confident that once Canada enters the global natural gas trade, that prices will solidify and this company will not only be worth a lot of money, but the dividends will be much, much higher.
As I get older, I realize that hitting home runs is not always the object.  I am 100% satisfied if the share price stays in its relative range and the dividends continue at the current rate, which is about 8.5%/year (my effective rate is about 22%).  Nothing in these quarterly reports indicate otherwise.
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