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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 sportstermathewon Mar 25, 2021 9:42pm
247 Views
Post# 32883873

So now we wait

So now we waitWe all know prices can't go straight back up so there has to be some push and shove along the way.

Months ago we mentioned that prices of NG and increased production were the two things to get us moving upward.

Almost the end of the first quarter, good news to come soon for the first quarter.  Most will be known ahead of time as few surprises with Peyto like the $35 million purchase.

2nd and 3rd will wind down most of the bad hedges and smooth things out.

As long as interest rates don't bounce up quickly, and costs of drilling don't start to seep in we should be in a good part of the river going forward.

We need ever increasing FFO and pay down of debt to help get more investors on our side.






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