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 > 3rd Quarter Results

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Post by BeEm1on Nov 09, 2021 8:54pm

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Post# 34107754

3rd Quarter Results

I like the returns built into future sales:

For Q3 2021, approximately 81% of Peyto’s gas was locked in at a fixed price of $2.04/Mcf. Most of those contracts were established several quarters prior at then market prices that were lower than the eventual spot prices. For Q4 2021, approximately 73% of Peyto’s gas is locked in at a fixed price of $3.16/Mcf, and for Q1 2022, approximately 71% of Peyto’s gas is locked in at a fixed price of $3.71/Mcf. This dramatic rise in fixed prices mirrors that of the spot price rise which occurred earlier.