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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 dalerules88on Jan 12, 2018 2:14am
84 Views
Post# 27339698

RE:RE:Kudos for getting this out of the way now instead of Jan15

RE:RE:Kudos for getting this out of the way now instead of Jan15here, here, agree with you 100%

ghostzapper - (1/11/2018 9:33:26 PM) 
RE:Kudos for getting this out of the way now instead of Jan15
I'm glad they got this out of the road asap.  I could say I had wished for a dividend down to 4 or 5 cents but hey I'm glad they went down at least to 6 cents.  My thinking for a bigger drop to get Peyto back to a position of thinking like the exploration company I knew and liked in its early days.  I'm most happy to see now they are in a position to be using free cash to buy back stock, retire debt and invest in the business.  It pleases me no end seeing the new position of Executive Vice President, New Ventures being created.  As well exploring new marketing strategies. 
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