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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by sportstermathewon Nov 09, 2021 9:10pm
198 Views
Post# 34107793

RE:3rd Quarter Results

RE:3rd Quarter ResultsMy thoughts were on somewhat, just did not think it be this early.

More drilling, check, more production with better pricing check.

Pay down some debt and more down the road, check.  I suspect $100 million or more per year can be paid down on debt.,  Say equal to dividends.

Dividends, check.

We all expect the market to react positively to this, as I expect that per Yasch, most is locked in ahead of time.

I have been in the hole for so long any amount of money coming my way is almost a cloud in the sky, you can see it but you can't touch it.

Feeling comfortable in this day and age is far better than not enjoying anything.
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