Peyto Exploration & Devel (PEY) has notable insider buying

Peyto Exploration & Devel (T:PEY)

Jean-Paul Henri Lachance, CEO and Director, acquired 10,000 Common Shares on a direct ownership basis at a price of $11.300 through the public market on December 12th, 2023. This represents a $113,000 investment into the company's shares and an account share holdings change of 2.3%.

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 a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Company's total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production's weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.