Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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.

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Peyto Exploration & Development Corp > Nuttall....change in strategy?

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Comment by houbahopon Feb 12, 2024 4:55pm

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Post# 35876343

RE:RE:RE:RE:RE:RE:Nuttall....change in strategy?

Indeed, the environment is different! Otherwise, hedged producers would not be so expensive relative to Natgas price.

But most importantly, like you've mentioned, I'm hopeful :

"Peyto will intimate that they will downsize their 2024 CAPEX budget iwhen they release their reserves report later this week, which could almost entirely take SPOT pricing out of the picture".

And use these funds to better position themselves in case the low natgas prices last longer than expected.

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