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 > May be in next

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Comment by SecondhandGnuson Aug 26, 2021 5:30pm

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Post# 33773817

RE:May be in next

I hope you're correct, Shenty, but the hedges for Q3 will look even worse than for Q2 (though they are almost identical) since the spot prices have continued to rise. That said, there are still some ugly hedges for Q4, just fewer. 2022 also has underwater fixed hedges, though fewer still.

I'm pro-Peyto because debt issues should be in the rearview mirror by the end of Q1 2022, and I think full year maintenance-level FCF will essentially double compared to 2021.

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From now on, dynaCERT instead of Bitcoin or NVIDIA?