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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 ngtraderngon Oct 04, 2022 8:48pm
314 Views
Post# 35005632

RE:Peyto Announces Leadership Update

RE:Peyto Announces Leadership UpdateOver the last year JP has been involved more and more in conference calls and presentations (such as the AGM). It was only a matter of time before he succeeded Darren. Now Darren can retire on a somewhat high note. In my opinion, I don't think this change has anything to do with a potential sale. I don't see a sale any time soon. Nobody can run Peyto's assets better than the Peyto management team, except for maybe, Mike Rose at Tourmaline. If Tourmaline bought Peyto, there could be some synergies and a lower cost of capital but Tourmaline is focused on the Montney. For every other buyer, they would end up taking on lots of debt and wouldn't be able to run the assets better than the current team.
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