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 > Trends in atmospheric methane abundance in past 40 years

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Comment by sportstermathewon Apr 29, 2021 10:08am

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RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trends in atmospheric methane abundance in past 40 years

First I put Goldstandard on ignore.

2nd maybe we should shout it out 100,000 times a month in every visible format of communication we can about the US being many times more than Canada in emmissions.

Over and over.

Don't throw stones if you live in glass houses.

And on top of all of this where is the electricity coming from for EV's? Unless you have your own solar energy system to charge them you are mostly using water, NG or coal and maybe some Nuke generation to power them.

I have seen more Teslas on the road lately. The new ones don't have the slimness of the better higher end cars it seems. I also hate the front of them.

Now if I could install say five more panels cheaply to just charge my car on the side of my house and over two or three days I would always have a full charge it may be worth it. But in general I would need 20 to 25 panels on a daily basis.

The expenses are in the converters, and power up to a wall panel for a regular solar panel system and your house will only allow so many. Mine is maxed out.

VET was up about 75 cents today, on both a bullish oil and gas day and good earnings numbers. Whether it will last to get VET over $10 permanently is another question.

They have been able to pay down 5% of debt in last quarter, a pretty good number I believe, but not chasing growth.

Now, Peyto is chasing growth, and rightly so. Lets have a discussion on say if Peyto could get production to 150,000 boe/d assume ok egress, good or better prices it seems and increased efficiencies plus reduced emissions.

But have the same debt.

Would the debt repayment at those levels not be very significant down the road?

Also the ratios of debt to production would drop dramatically.

Thoughts?

The reason I say this is if Peyto can go from 80 to 100,000 pretty darn quickly, they can keep on trucking from there on out.

Now one drawback I assume is a higher decline rate as a percentage of overall production due to the increase in new wells. If one rig can maintain most of this decline I don't see any negatives overall.

We will see in a few weeks how positive commentary will be forthcoming.

If we don't have a bad wet season at the wrong time it should be a great year.

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