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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 dalerules88on Sep 30, 2019 5:56pm
98 Views
Post# 30179518

RE:RE:AECO rebound

RE:RE:AECO reboundnominal at the moment, but what it does have is cheap optionality
forward curve is firming up so watch the hedges build up first and drilling to match; with the current decline rates, they can ramp up AECO sales probably by 20,000boed within a year, I'm guessing;
if Nymex stays down and AECO firms up some more over 2020 summer, then PEY will likely bring more gas online; 2020 forward AECO is already at roughly 15% yr/yr and with the NGTL protocol changes the spot prices will improve, presumably, as well, eliminating the need for voluntary curtailments; that alone could be few thousand BOED extra volume, and it's all profitable, even at current strip

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