Public market insider buying at Peyto Exploration & Devel (T:PEY)

Stephen Jonathan Chetner, a Director, acquired 4,000 Common Shares on a control or direction basis for registered holder Carleton Equities Ltd. at a price of $15.314 on October 28th, 2024. The insider also acquired 4,000 Common Shares on a control or direction basis for registered holder Stephen Chetner RRSP at a price of $15.311 on October 28th, 2024. This represents a $122,500 investment into the company's shares and an account share holdings change of 2.7%.

Peyto Exploration & Devel is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

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).