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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 > Tourmaline takeover of Crew
View:
Post by houbahop on Aug 12, 2024 8:16am

Tourmaline takeover of Crew

Production of 30 000 boe/d (71% natgas, 21% condensate, 8% of lng) for $1.3B (incl. $200m in debt).

Peyto's production of 125 000 boe/d with Enterprise Value of $4.B (incl. $1.3B in debt)
Comment by stockmarket1 on Aug 12, 2024 10:18am
Are you thinking Peyto could be a takeover / merger target ? 
Comment by houbahop on Aug 12, 2024 11:00am
Not at all... Hope not, anyway. I'd rather keep my shares for the next 20 years! A 10% compound annual return doubles your capital every 7.2 years, meaning capital would multiply by 8 in just a little more than 21 years. I posted this so anyone could pull out his/her own conclusions on the value of PEY. Looks like the shares bought at $13.60 last week are starting to taste good. Patience is ...more  
Comment by stockmarket1 on Aug 12, 2024 1:25pm
Very true Houb. I'm thinking that today's rally up is tourmaline related only. I doubt it's a pre earnings release report rally? What do you think? 
Comment by bttmfischer on Aug 12, 2024 4:42pm
Any idea who the suitor may be?
Comment by GregC24 on Aug 12, 2024 10:57am
CREW up 74% at this time on the news.