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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 Apr 13, 2021 8:20am
159 Views
Post# 32983644

RE:RE:Buybacks v debt payoff v higher divvies v more production

RE:RE:Buybacks v debt payoff v higher divvies v more productionI doubt there are many shareholders here like the old days.

Most are on the boards of Tech stocks, coins, green stuff and so on.

We are going to dry up into dust probably at some point.

Yes, under $2 Peyto did miss an opportunity but maybe was unable to do anything about it due to the covenants.

Yes, I would rather see some debt payments, even $50 million a year would go in a meaningful direction.

But as mentioned they are hopefully going to improve production as Yasch says at $8,900 per boe and make way more in revenues that could eventually pay down debt even faster.

I heard today oil production in the U.S. is growing rapidly however, could just be percentages and stats being abused for TV talking points.

We can all take sollace in knowing that for now pricing is better, efficiencies are better and improving, interest rates will probably not rise for a while and deals are still to be had.

Peyto is king in their area and I surmise others will eventually kiss off and give in to Peyto once they have taken their early piece of the pie.


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