Peyto Exploration & Development Corp T.PEY

NG NEWS

[wreckhouse]

Peyto currently has 323,306 Mcf/d hedged for 2023 at $4.59/Mcf. 

The DIVI should be good for awhile . BCRNW

[MikeySwoosh]

Well, Peyto "marketed" this well by excluding the costs of the physical transport and basis contracts in these headline numbers. At least they included that detail in the first footnote. The Marketing Report has 2023 hedges at $3.45/GJ or $3.97/MCF (3.45 * 1.15). Still pretty robust compared to AECO prices for most of the past decade, but a little cheeky to present it the way they did

[houbahop]

Always 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'

[newcoin]

I was pleased to see that you liked the report. You are not afraid to say so when you are displeased. If the dividend is safe for 2022 we should be good. After that, things will get better in the NG world. Dividend secure and rising s/p.

[newcoin]

Of course, I meant "If the dividend is safe for 2023 ...." Very positive.