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Bullboard - Stock Discussion Forum
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).
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TSX:PEY - Post Discussion
Peyto Exploration & Development Corp
> Peyto technical chart
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•••
houbahop
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Post by
houbahop
on Jun 09, 2021 6:01am
Peyto technical chart
looks good!
A direction will be taken shortly.
Breakout imminent!
(20)
•••
sportstermathew
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Comment by
sportstermathew
on Jun 09, 2021 8:42am
We are all going to be crying soon, when Peyto goes past $6 and never looks back. Prices have not only been in a nice profitable range but improving during the early summer stages, heatwave, low inventory, exportation in US and so on. If prices stay above $2.75 and higher for the rest of the year, for sure into next year up to say at least April 2022, a lot of people are going to be happy. I
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(166)
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houbahop
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Comment by
houbahop
on Jun 10, 2021 9:39pm
Tough to have a nicer chart than this: Weekly chart with 50 and 200-days SMA The rounding bottom is a very strong formation.
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