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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 08, 2023 11:56am
193 Views
Post# 35626286

RE:RE:RE:No change in closing price from yesterday!

RE:RE:RE:No change in closing price from yesterday!I feel this is an opportunity to improve the quality of inventory AND reduce debt but this is not exactly what they have in mind:

"Peyto has developed a three-year plan with total capital spending ranging between $450–$500 million per year, which is expected to grow production from the current pro-forma production level of 123,000 boe/d to over 160,000 boe/d by the end of 2026."

"Peyto believes this Acquisition represents a similar opportunity, but on a much larger scale, with sufficient inventory to grow production from these Assets up to 100,000 boe/d."

If I could I would tell them you don't have to do this Peyto knowing full well they would do it anyway.
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