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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
> Why up > 12%
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•••
gold_diggers1
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Post by
gold_diggers1
on Jun 29, 2021 11:00am
Why up > 12%
Takeover target?
.
GLTA
(8)
•••
Boulter
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Comment by
Boulter
on Jun 29, 2021 11:04am
No idea, but PEY was my first $1M position briefly.
(27)
•••
Dumpinvestor
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Comment by
Dumpinvestor
on Jun 29, 2021 12:16pm
Because i added more position yesterday...lol
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