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

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Comment by houbahopon Apr 15, 2020 7:21pm

109 Views

Post# 30914039

RE:Dividend cut to $0.04/year

Unfortunately, this should have been done 2 years ago.

$110-$120m capex in the first half????

Why not $90 to $100m and $180 to $210m for the whole year and:
... let production decline in a smooth way, reduce that debt to under $1B
... let legacy wells produce with its low corporate decline rate, to take care of buying time.

No NCIB renewal request? Thumbs down.

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