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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

Comment by houbahopon May 09, 2019 3:45pm
159 Views
Post# 29730868

RE:RE:PEY Article on Seeking Alpha

RE:RE:PEY Article on Seeking Alpha Nice analysis but assuming production will average 86,5k boe/d is an optimist scenario, not conservative. Production is currently around 82k boe/d and with minimal capex until september, it could go as low as 77k boe/d in August or September.

My guess would be 2019 average production around 82k boe/d with current information and forward prices on gas and liquids.

2020 should be a better year for Peyto's operation.

Anyone challenging these numbers? Yash?

I have bough a few hundred shares this morning...Just nibbling.
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