Public market insider selling at Peyto Exploration & Devel (PEY)

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

Jean-Paul Henri Lachance, CEO and Director, disposed of 58,500 Common Shares on a direct ownership basis at a price of $14.000 on September 9th, 2024. This represents a $819,000 divestment of the company's shares and an account share holdings change of -11.3%.

Tavis Aaron Carlson, a Senior Officer, disposed of 20,000 Common Shares on a direct ownership basis at a price of $14.500 on September 13th, 2024. This represents a $290,000 divestment of the company's shares and an account share holdings change of -68.2%.

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).