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 > The train kept a rollin’

<< Previous

Bullboard Posts

Next >>

Comment by SecondhandGnuson Sep 29, 2021 10:35pm

236 Views

Post# 33941921

RE:RE:The train kept a rollin’

PEY as lowest-cost producer has been their calling card, as mentioned in every shareholder update for ages. Cash cost are creeping up (they've just raised their estimates from $1 to $1.20/mcfe), but PDP FD&A costs are trending way down. I'm guessing that they beat their stated goal of 1$/mcfe this year.
2022 will be ridiculously profitable for Peyto and other gassy Canadian producers.

<< Previous

Bullboard Posts

Next >>

FE Battery Metals begins 2024 winter drill program