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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by mmodanoon Oct 14, 2017 8:20am
228 Views
Post# 26813237

Seeking Alpha

Seeking Alpha

Summary

Cash costs to produce the gas are rock bottom by industry standards.

Operating netback percentages are sky high. They average well over 50%.

Cash flow from operations before hedging about doubled from the previous quarter last year.

Management predicts that cash flow will soon cover both the capital budget and the dividend.

The industry bottom provides an above average dividend yield and the start of heating season just about guarantees capital appreciation.


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