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 > This very warm seasonal weather across North America

<< Previous

Bullboard Posts

Next >>

Comment by stockmarket1on Dec 17, 2024 7:32pm

97 Views

Post# 36367226

RE:This very warm seasonal weather across North America

I agree, and yet the shares are on a decline lol? Tariff talk, you think? I've raised some cash lately and have been adding a bit here and there during the past trading business week. I think the stock has been oversold. Shoud rebound up. The weather will now get colder as we get into January.

I think we'll see $20 a share by spring time.

houbahop wrote: is creating interesting entry points to buy or add PEY shares. I bought a few this morning.

Peyto has over 66% of its 2025 production hedged at $4.14/mcf making it almost immuned to a soft winter.