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

Bullboard Posts

Comment by stockman6on Jul 31, 2002 3:40pm

141 Views

Post# 5329355

RE: blocks trades - insider selling

I'm guessing more insider selling. This is a polite way for insiders to reduce their position in less liquid companies like PEY. This way the sale does not drive down the share price. P.S. Joeholder, I have looked at PEY's option plan versus other similar-cap oil companies previously. I found that PEY was pretty much on par with the others, having alloted about 10% of the diluted share total to options. Pretty standard, nothing uncommon on the positive or negative side. I would like to see PEY reduce their 5-year term for options, though.

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