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 robhenryon Oct 10, 2002 10:16am

92 Views

Post# 5498202

RE: natural gas

Have to agree with jvw and tcf -mkt is brutal-lots of doom and gloom and beginning to look like a bottom.. Good time to have cash -if we believe a recovery is just some where around the corner then there are bargains in the mkt. Inspite of the brutal mkt pey is holding up extremely well -bought more yesterday. Better buy today. No flood of sellers here yet . IMVHO any modest selloff is just another buying opp for pey. Great management , proven potential, prod. ,cf, and reserves on the increase. Stock should again be a leader on any turnaround in the mkt. All MVHO and no TA to cloud my thinking ggg Rob

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