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 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.

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Peyto Exploration & Development Corp > 5 changes to "Who We Are" in new presentation

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Comment by CashGreenGoldon Nov 24, 2021 4:50pm

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Post# 34163211

RE:5 changes to "Who We Are" in new presentation

Great post Yasch
Thank you for the summary

Yasch22 wrote: That is, 5 changes from the Sept. 16 presentation to the new one. See Page 4 of https://www.peyto.com/Files/Presentations/2021/CorpPresNov2021.pdf.

1. As "5th Largest Canadian Gas Producer", Peyto's total production is now listed as 600 MMcfe/d instead of the old 540 MMcfe/d.

2. Dividend of course is now $0.05/share/month from November 2021 onwards.

3. Shares Outstanding have grown slightly (1st time in at least 3 years), from 165m to 166m.

4. Net Debt reduced from $1.15 to $1.13b. Specifically, the reduction was actually $15m in the secured bank facility, or down from $732m to $717m.

5. Enterprise Value (equity @ $11/share + debt) now equals $3.0 billion, compared to $2.3 billion (@ $7/share) in September.