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Peyto Exploration & Development Corp PEYUF


Primary Symbol: T.PEY

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.


TSX:PEY - Post by User

Comment by houbahopon Apr 10, 2024 7:25pm
117 Views
Post# 35982361

RE:RE:RE:Peyto taking a page from Birchcliff...........

RE:RE:RE:Peyto taking a page from Birchcliff...........I also was in the Peyto plane when the pilot made us live a near death experience.
Mister Don Gray went through a similar experience last year at the AGM.

Hopefully, these are a thing of the past.

When a majority of your shareholders ask for some simple adjustments to your priorities, you better listen rather than keep your head in the sand. With current dividends that you can't reduce without negative consequences, capex $$$ must be managed according to commodity price.

JP gave an opening to reduce capex if Natgas prices remain low. A much better strategy than focusing in production growth at all cost. For the time being as long as a strong contango remains on the futures curve, they can sell at interesting prices and keep drilling.

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