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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 MikeySwooshon Mar 08, 2023 11:17pm
200 Views
Post# 35327380

RE:NG NEWS

RE:NG NEWSWell, Peyto "marketed" this well by excluding the costs of the physical transport and basis contracts in these headline numbers. At least they included that detail in the first footnote. The Marketing Report has 2023 hedges at $3.45/GJ or $3.97/MCF (3.45 * 1.15). Still pretty robust compared to AECO prices for most of the past decade, but a little cheeky to present it the way they did. Anyway, enough to cover the dividend, as suggested, and continue to chip away at the debt, especially after including the NGL hedging.
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