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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 Ozhokson Feb 07, 2022 3:02pm
198 Views
Post# 34405910

Increased production?

Increased production?

Lets say, as discussed here before, PEY decides to go out of plan and increases production by staying in-year FCF iaw IRR >100% rule for new wells, taking adv of spare capacity. I really like this idea of 10+% over production for this year, which will inturn accelerate 2023 debt payment.

This can be finally a good 2022 news for PEY investors, at least for me. 

It would be good to know that as soon as publicly available. Do you have an idea of how we can get a clue (interpretation) such kind of decision is taken from our regular sources - except company anouncements or news? 

Thanks. 

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