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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 PabloLafortuneon Sep 07, 2023 9:54am
212 Views
Post# 35623817

RE:RE:Peyto buys Repsol Canada....

RE:RE:Peyto buys Repsol Canada....More or less 10% dilution. Worth it though when you consider the boepd and the big increase in quality locations which was an understated problem for Peyto. The fact Repsol was a motivated seller makes the timing ideal.

Underwhelming pricing by the banks though.
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