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Bullboard - Stock Discussion Forum 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... see more

TSX:PEY - Post Discussion

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Post by shenty46 on Nov 11, 2020 8:06pm

As expected

As expected results, good news is they are allocating 300 to 350 million towards next year, and may be exiting 2021 at or near 100000 boe/d, and has started giving their excess capacity to third parties.
Comment by Yasch22 on Nov 12, 2020 12:20am
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Comment by Yasch22 on Nov 12, 2020 2:17am
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Comment by ngtraderng on Nov 12, 2020 7:02am
In the Activity Update section of the press release there was this blurb: "Recently, the Company has started gathering and processing 8 mmcf/d of third-party production into Peyto’s under-utilized Sundance infrastructure. This will generate incremental fee revenue to Peyto while allowing the third party to share in Peyto’s lower cost structure. The Company is continuing its efforts in this ...more  
Comment by sportstermathew on Nov 12, 2020 9:03am
Recently, the Company has started gathering and processing 8 mmcf/d of third-party production into Peyto’s underutilized Sundance infrastructure. This will generate incremental fee revenue to Peyto while allowing the third party to share in Peyto’s lower cost structure. The Company is continuing its efforts in this regard in areas where pipeline and plant infrastructure have spare capacity and ...more  
Comment by Yasch22 on Nov 13, 2020 1:43pm
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Comment by alkhor on Nov 13, 2020 1:47pm
You should mention the additional operating costs are negligible.
Comment by Yasch22 on Nov 14, 2020 2:04pm
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Comment by alkhor on Nov 16, 2020 10:48am
Also a fishing village in Qatar where I spent some time.
Comment by Yasch22 on Nov 17, 2020 11:57am
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Comment by alkhor on Nov 17, 2020 2:03pm
I spent 8 years in Saudi Arabia and 4 years in Qatar.  I doubt any of the Gulf States need to see the writting on the wall. While Europe and North America may slowly wean themselves off oil, the rest of the world where 80% of the people live will want the cheapest form of energy, which is oil. In the case of Natural gas, it will remain the major scource of home heating and power generation ...more  
Comment by sportstermathew on Nov 17, 2020 4:08pm
I have to agree. Most people in NA and Europe seem to think that the whole world thinks as they do. This is the same with population, housing, garbage, jobs, and dishonesty. I don't totally agree with that previous article.  There is no mention that the last five to seven years have been horrendous for the whole industry.  Peyto has survived fairly well considering. And as a ...more  
Comment by Yasch22 on Nov 17, 2020 7:19pm
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