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 > TSX Index Re-inclusion

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Post by Sskcdn89on Sep 01, 2021 11:07am

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Post# 33794212

TSX Index Re-inclusion

Just saw this article on Birchcliff. Thet seem poised to be re-added to the TSX index on Sept 20th with a market cap 1.5bil current.
https://financialpost.com/commodities/energy/oil-gas/birchcliff-is-the-envy-of-oil-and-gas-mid-caps-as-it-gets-set-to-rejoin-tsx-index/wcm/725492ef-9b06-4038-95df-972a78ef3756/amp/
Peyto is sitting at just over 1.1 bil. Is that enough to get re-added? Thoughts? I remember TE mentioning that BIR has horrible basis deals through 2027. I'd rather hold Peyto long term and have been. But it's getting harder and harder with Peyto underperformance relative to peers.

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