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Bullboard - Stock Discussion Forum 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... see more

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Are shorts finally covering?
View:
Post by Ladislav3 on Jan 14, 2021 11:07am

Are shorts finally covering?

What's up with the giant share price increases this week?
Comment by Gabora on Jan 14, 2021 11:49am
There has not been a lot of drilling in last ~8 months.   Just a thought. -Asscociated natural gas produced from oil wells. Crude oil production from low permeability, tight rock formations—Permian, Bakken, Eagle Ford, Niobrara, and Anadarko. That is not there anymore. -More people at home.  Extra load electricy grid and use of more natural gas.  They still have heat or cool ...more  
Comment by Oldnagger on Jan 14, 2021 8:53pm
Keep up your reading ,you are invested in the right place. As you do more due diligence you will feel more comfortable (and wealthier ) Petroleum commodities  are very volatile and subject to many influences that may be unforeseen . The trick is to not get shaken out and to be patient. Most of these companies are seriously undervalued and have brilliant prospects over time. This is not a ...more  
Comment by Quintessential1 on Jan 14, 2021 9:36pm
Oil price is up, Natural Gas price is good,  earnings report is coming soon, all NG stocks have good tailwinds right now given the expected NG shortage and this stock seasonally trades high this time of year.  Add that to bullish energy sector and you have the perfect storm for Peyto.  I'm not sure how high it will go but I don't expect it to last.
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