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

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Comment by houbahopon Nov 02, 2017 7:43am

52 Views

Post# 26892626

RE:RE:RE:RE:RE:RE:From the horse's mouth: "Why Pay a Dividend?"

The dividend is not the main criteria to value a company.
The bottom line is the main ingredient.

At $17 per share, PEY trades at less than 5 times EBITDA. This is very cheap.
I don't see EBITDA going much lower than this if NatGas prices stay above $2.00/Gj for
the coming years else if they can hedge most of their production above $2.50/Gj

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