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 GoldFisher22on Mar 20, 2020 4:14pm

105 Views

Post# 30831893

RE:A good thing to let CDN oil/gas companies die?

If one could have built a public oil or gas company with current conditions in mind, it would (obviously) not have any debt. Under "normal conditions" it also would not have been able to move as quickly as those with debt, and would long ago have been left in the dust.

Or it would have been part of a conglomerate etc., one with a very different shareholder risk-profile and priorities.

I haven't found many debt-free companies besides Berkshire Hathaway, and it is a one-off. The tax system rewards debt (interest deductability) over equity (no equivalent deduction).

It is difficult to plan for a one in a 100 year event.

Bullboard Posts

The top TSX healthcare stocks under $1