Peyto Exploration & Devel (PEY) has notable insider buying

Peyto Exploration & Devel (T:PEY)

Don Gray, a Director, acquired 77,000 Common Shares on a direct ownership basis at a price of $12.620 through the public market on September 20th, 2023. This represents a $971,740 investment into the company's shares and an account share holdings change of 6.6%.

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development, and production activities in Canada. It is involved in the development and production of natural gas and oil and natural gas liquids in Alberta's deep basin. The Company is focused on exploring and developing the sweet, liquids-rich, natural gas resources trapped in basin. Its production is weighted approximately 87% to natural gas and approximately 13% to oil and natural gas liquids.