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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 sportstermathewon Nov 09, 2022 10:17am
243 Views
Post# 35085107

Strength or weakness?

Strength or weakness?So with earnings coming out, 3rd quarter won't be strong, we know where production is per monthly newsletters.  So will expectations be too high or tempered.

I believe a lot of new wells are going to come online soon, egress issues hopefully won't be an issue and maybe some news on Cascades startup.

Once production gets past 110,000 boe'd consistently the company should be in more positive territory going forward.

It is still the case that one drilling rig is able to keep up with production declines?

BNE down 13%, PIPE down 22% so just treading water no matter how good things are going is not really what shareholders are looking for.

In the end shareholders want growth and gains in share price.

All the others are good, divs, share buybacks, debt repayment.

Just bought a 1000 at $12.79, hopefully it will be a reasonable price longer term.


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