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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > Effects of EVs on energy situation

<< Previous

Bullboard Posts

Next >>

Comment by houbahopon May 01, 2021 5:02pm

125 Views

Post# 33109061

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Effects of EVs on energy situation

Try to ask the question to Mr Gee who's spending every single dollar he can, and borrowing more, to growth production every time there is an uptick in natural gas prices.

At the end, Peyto will have high production of something that will have not much value and a huge debt load, while shareholders will continue to collect a penny every quarter.

But there is still, imo, a window of opportunity to create some value to shareholders and pay back the debt by adopting a less aggressive capex program. After all, 15 years is still quite far in the future.

<< Previous

Bullboard Posts

Next >>

Who, why, and what of the great "Crypto Surge"