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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

Comment by dalerules88on Oct 02, 2019 5:11pm
133 Views
Post# 30189396

RE:RE:RE:RE:RE:RE:RE:AECO spot and futures, due to protocol change

RE:RE:RE:RE:RE:RE:RE:AECO spot and futures, due to protocol changeMy point was, the HH hedging losses could be capped here, if AECO is also hedged here up to the currently planned volume. Then if AECO goes up further from here, CAPEX and production can be ramped up. And if not, at least the HH hedging losses would be covered by AECO netback. 

As a matter of strategy, seems PEY is switching from hedging to modulating production volumes and plant utilization and possibly storage. Probably not a bad aproach, given PEY is pretty nimble.

To which, anybody know what the status of Sunny is, currently? Is it ready to go, or just a pipe dream, so to speak?


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