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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 sportstermathewon Mar 09, 2021 1:08pm
155 Views
Post# 32753615

RE:RE:RE:RE:RE:RE:RE:Some number crunshing from my spreadsheet

RE:RE:RE:RE:RE:RE:RE:Some number crunshing from my spreadsheetMy guess is that they can do much more now considering the new plant.  Not huge but it does allow for growth.

Most of the plants they do have I think are also adjustible in that they can be grown fairly easy as required.  However when you can buy production, land and a plant for only $35 million, what maybe a dozen wells cost of drilling???  then why not do it that way.

One of the key things here is Peyto has the knowledge and specific requirements where they know exactly what they need, how and when and the contacts to get it done.  I am sure many are at their doors trying to sell them something equipment and services or manpower.

Being able to send an email or make a phone call to the right people can save tons of time and money.  NOt having a huge staff allows for very quick changes to take place to be able to make decisions without going through tons of staff, meetings, deliberations, approvals, everyone trying to make a name for themselves.


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