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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 Nacho1on Nov 04, 2019 5:27pm
166 Views
Post# 30307525

RE:about the liquids "growth" at peyto

RE:about the liquids "growth" at peytoThe liquid cut % is very important given that any marginal gas unit had negative FCF when AECO was wrecked, so the increasing liquid cut saves the economics completely. Now, Peyto has been hedged and done that part well, but point being the liquid cut matters. Most importantly, their Cardium production have much more condensate and pentanes, which is much more valuable than propane and butane, which historically has been Peytos big products. So the liquid cut today is different from a few years ago.
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