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 08, 2017 6:17pm

232 Views

Post# 26928985

2018 looks good with this adjusted Capex program

$450M instead of $600M. WOW!
Exactly the right program for the present Natgas Price environment.
(and exactly the level given by my spreadsheet to optimize the operation under the various
constraints)

This should propel the Net Free Cash Flow above $150M and will be sufficient to cover the dividend and keep the debt at current levels.

Plus the upside if Natgas prices pick up during the course of the year.

The only bug I see is the various production targets seem to be a little bit agressive, but they are achievable.

Cheers!

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