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 > PEY vs BIR

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Comment by Seppelton Dec 02, 2020 10:34am

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Post# 32017485

RE:RE:RE:RE:RE:PEY vs BIR

Good points, Yasch. It’s always easier when you see some numbers in front of you.
Not sure about losses but BIR spent a lot more this year than it’s cash flow. Said it was to better utilize its 100% owned gas processing plant, among other expenditures. I think, markets didn’t like it, stock traded close to a dollar this summer.
Looks like gas fundamentals and prices have improved but oil demand and hopefully prices has still a long way to go.

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