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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by dalerules88on Jan 12, 2018 2:52am
215 Views
Post# 27339741

PEY netbacks

PEY netbackshere's a key metric from today's release, for those of you who invest on fundamentals, not emotion:

The current 2018 future AECO strip price for Alberta natural gas is $1.35/GJ, which when combined with a Canadian Light Sweet oil price of approximately $75/bbl, yields an unhedged revenue stream of approximately $2.30/Mcfe, using Peyto's current blend of gas and NGLs. As mentioned, Peyto has secured a fixed price for approximately 75% of the expected 2018 natural gas production at an average price of $2.34/GJ ($2.68/Mcf). When these prices are adjusted for Peyto's historic NGL and heat content premiums and are combined with the Company's industry leading cash costs of approximately $0.75-$0.80/Mcfe, they are expected to yield cash netbacks of approximately $2.21/Mcfe ($13.30/boe).


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