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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Energy Oil & Gas E&P
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... see more

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Leveraging Size
View:
Post by TerribleEng on Sep 12, 2022 1:17pm

Leveraging Size

Peyto needs to figure out how to sign deals at these price levels:

Since July 1, 2022, Tourmaline has continued to strategically enter into additional commodity hedges. Approximately 26% of 2023 average production is now hedged at a weighted average fixed price of CAD $5.26/mcf. Additionally, for this time frame, the Company has 110 mmcfpd of natural gas hedged at a basis to NYMEX of USD $0.12/mcf

That is fricking incredible. That's less than the toll to Empress. Someone (Large financial institution) is expecting AECO to flip to a premium to NYMEX, as the strip is currently pricing in a much wider basis.
Comment by Yasch22 on Sep 27, 2022 3:20pm
This post has been removed in accordance with Community Policy
Peyto Exploration & Development Corp