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

Comment by Register123on Jan 12, 2018 3:54pm

114 Views

Post# 27345318

RE:News should be perceived as good

As I suspected, PEY share price is up over 4% today on the dividend cut news as I write this (late afternoon).....

Now that the dividend is cut and should be well covered by expected earnings going forward, share buybacks are on the table, and a new sales / hedging diversification strategy is in place, name a Canadian Natural Gas company that is better positioned than PEY for the road ahead.......?

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