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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

Post by redfoxon Jun 16, 2001 9:24am
154 Views
Post# 3883052

BMO issue

BMO issueyou folks really, for one moment, think that BMO would get tied into stock manipulation? Give yourselves a huge shake. What you see listed are trades through BMO or other houses. What you have to get at is whether these are true "house positions", ie., the brokerage owns the shares directly and not through you or I. If I sell PEY through my TD Greeline account services like STOX.Com list TD as having sold x shares of PEY as their "house position". I believe that is totally wrong (if they are right, then the brokerages through their house accounts are responsible for all trades on all markets). Just my three cents worth. Other than that this is a great stock and will move nicely, just have patience. Most of the more respected brokerage houses like Merril Lynch and others are suggesting that oil and gas will continue to command high multiples. Cheers
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