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

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Comment by houbahopon May 04, 2018 6:40am

90 Views

Post# 27981120

RE:RE:Peyto's Q1/18, revised forecast. PEY adds $91m to coffers

Any change to your production forecast for 2018?
Average and exit rate?

I have 99 000 boe/d average and 93 000 boe/d exit rate.

$70m Net Free Cash Flow for Q1. I am pretty sure it will be used to reduce leverage.

$140M NFCF for 2018. Debt will be reduced to $1.14B by the end of the year.
It will still be way way to high compare to 2019 EBITDA if NatGas prices were to remain at these low levels 'till 2020.

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