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).

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Peyto Exploration & Development Corp

Bullboard Posts

Comment by boarderex86on Nov 24, 2017 3:17pm

128 Views

Post# 27027611

RE:RE:Profit not dividend

What pipe are they waiting for? There is a steady stream of pipe expansions coming online so it is hard to appreciate how new pipe a major problem for PEY. They have been vocal about maintenance outages on NGTL but I don’t think there is an immediate issue with overall takeaway capacity. Am I mistaken???

pablo87 wrote: Ironically, if they all paid a divi like Peyto and all held production levels instead of growing it, AECO prices would probably firm up and they'd all make money. What they're doing right now is hurrying up and waiting (for pipe). Its theory of bottleneck 101.

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