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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

Comment by ElJon Dec 04, 2020 5:08pm
219 Views
Post# 32042238

RE:RE:president report

RE:RE:president reportThank you Yasch22 for your insughtful interpretation of the Peyto latest President's report. I admire your integtity when looking at the reported Production boes/d, but my estimates truly do include a colouring of guesswork interlaced with available facts, as we all work with ranges, uncertainties and unknowns. 

I anticipate that by this time next year Peyto will be in a "better place" on both  hedging pricing and on production numbers, though the influence of debt will still be drag, under an environment of management trade-off decisions.... between maintaining production in the region of 100,000 boe/d, paying-down debt, and dividend increase desire. 

Funds flow for Q3, 2020 were reported at  $0.30 per share  with Revenue at $92.853 million and I anticipate that Q4, 2020 Funds Flow will be up close to $0.40 per share on Revenues around $120 million,

Peace,
Good Decision-making to all,
ElJ 
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