Peyto Exploration & Devel (PEY) has notable insider buying

Peyto Exploration & Devel (T:PEY)

John Williamson Rossall, a Director, acquired 25,000 Common Shares on a direct ownership basis at a price of $3.320 through the public market on January 20th, 2020. This represents a $83,000 investment into the company's shares and an account share holdings change of 41.7%.

Peyto Exploration & Development Corp is a Canada-based energy company. The Company is engaged in acquisition, exploration, development and production of oil and natural gas in Western Canada. Its portfolio of assets includes exploration, exploitation and development opportunities located primarily in the Deep Basin of Alberta. It operates in over three areas, such as the Greater Sundance, Northern Area and Brazeau River areas of Alberta. The Greater Sundance area is located approximately 50 kilometers west of Edson, Alberta, from Township 50-56 and Range 19-24 west of the fifth meridian. The Northern Area includes producing properties in regions, including Smoky, Kakwa, Chime, Kiskiu, Chicken and Cutbank and it covers Townships 57-64 and Ranges 2-7 west of the sixth meridian. The Brazeau River area is located over 180 kilometers southwest of Edmonton, Alberta, from Township 41-44 and Range 12-13 west of the fifth meridian.