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 > Nice to see PEY back at $16

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Nov 21, 2024 10:39pm

150 Views

Post# 36325246

RE:RE:RE:RE:RE:Nice to see PEY back at $16

Trimmed about 10 percent today - averaging $12.50 so it's been a great run up, but time to take sone money off the table and rotate into value stocks.

I still think this has upside but starting to see more comoekling opportunities elsewhere.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023