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

Bullboard Posts

Comment by Northforce13on Feb 16, 2020 10:49am

96 Views

Post# 30697078

RE:Now C'Mon Yasch

1) debt reduction: Their debt interest rate is only 4% or something like that. If their IRRs are higher on increasing production, it would be more profitable for them to ramp up drilling and production by increasing debt rather than paying it down.

2) share buyback: It's similar to a dividend; money returned to share holders. You could do your own share buyback and achieve the same result by buying back shares with the dividend you receive...

3) They are doing a balanced approach of cap ex & dividends, seems reasonable to me

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