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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 Burgersandfrieson Nov 12, 2021 10:10pm
211 Views
Post# 34122359

RE:Holdings long, cash, what to do

RE:Holdings long, cash, what to doI own peyto as well ...but bir maybe debt free by 3rd quarter 2022 with cash flow of 600 plus mil per year and no hedges I'm sure Jeff will drop the divy news mid 2022. Either way both pey, bir and crew and aav are great investments. I think bir has the most torque. Crew has the worst hedges of the 4 at 35% pey's sart rolling of end of 2021. If pey handles their hedging better and gas holds up this could really fly. Later 2022 and 2023 then we'll be talking about the coastal gas link opening as well. Gas north of 4.50 theses CO's just print cash! Bolty!
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