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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 houbahopon Mar 09, 2023 8:02am
249 Views
Post# 35327623

RE:RE:NG NEWS

RE:RE:NG NEWSAlways have to read between the lines...

Good report. Very happy to see they might have modified their heging program closer to what it should be used for. They entered 2023 not overly hedged, leaving a much desired exposure to volatile Natgas prices. They must have understood something during the course of 2022.

Debt refund of $75m vs $70m expected. Yes! Yasch, if you are reading, this one's for you!

I noticed current income tax paid of $20m in 2022. Is that a first in more than a decade where all income tax used to be deferred?


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