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

Bullboard Posts

Comment by Northforce13on Nov 28, 2019 1:34pm

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Post# 30402793

RE:Non-dilutive rights offering

Temple hotels did several rights offerings to reduce debt, their debt is much less now.

The only problem is the share price declined >90% since before they started doing all the rights offerings...

Concerns over PEY debt will likely decline if results improve and they gradually chip away at it (which is what I hope they will do). I suspect if resuls improve they will not jack up the dividend and will instead direct surplus funds to strengthen the balance sheet.

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