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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

Post by Seppelton Nov 30, 2020 4:39pm
832 Views
Post# 32003033

PEY vs BIR

PEY vs BIRHas anyone tried to compare the two? Boe production is about same but different share count and debt. One is mainly dry gas in the deep basin, the other is in liquids-rich Montney. One is trading around $3, the other $2. 
No reason not to own both, but if one believes in oil markets recovering from Covid and only given a single choice, the higher liquids producer is probably more attractive.
The comparison may not be as simple if one looks into cost, management and many other factors. A lot of it is personal preference.
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