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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 houbahopon Feb 10, 2018 8:08pm
72 Views
Post# 27539878

RE:PEY verses POU (PEY is too expensive)

RE:PEY verses POU (PEY is too expensive)May I adjust the following:


Peyto produces 100,000 boe with roughly 10% liquids   101,000

PEY MARKET CAP 1.8 billion    1.675 billion

PEYTO DEBT 1.335      billion    1.300 billion

Enterprise value approx. 3.135 billion  2.975 billion

200 – 250MILLION CAPITAL PROGRAM    YES

DIVIDENDS REDUCED FROM 11 reduced to 6 CENTS

Dividend obligation 165 million share * .72 = 120 million dollars

320 – 370 million cash flow from operations in 2018 (approx guess)  450 -490 million   Net Free Cash Flow 230- 270 million (after Capex of $220 million)

 


Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.pey&postid=27539714#5ZLvDZuOVixPsA7o.99
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