Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

TSX:PEY - Post by User

Peyto Exploration & Development Corp

Bullboard Posts

Post by houbahopon Nov 14, 2013 2:00pm

377 Views

Post# 21906594

Peyto's team deserve our congratulations.

The perpetual quest of the people working at Peyto - to better understand the details of its operations in order to bring ideas to make it more efficient, lean and mean - shows some very positive results in this difficult NatGas price environment.

Personally, I prefer $0.67 CF per share on 56k boe/d than $0.64 CF on 74k boe/d.

And not counting the huge increase in TOU's threadmill speed consequence of such a high capex program and new production for 2013. Their stock and debt printing press will be running red hot in 2014.

May Darren and his team remain clear-sighted in keeping Peyto's operations and growth on the right path.

Bullboard Posts

Sirios Resource discovers visible gold in Quebec