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 > 5 changes to "Who We Are" in new presentation

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Comment by CashGreenGoldon Nov 24, 2021 4:50pm

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Post# 34163211

RE:5 changes to "Who We Are" in new presentation

Great post Yasch
Thank you for the summary

Yasch22 wrote: That is, 5 changes from the Sept. 16 presentation to the new one. See Page 4 of https://www.peyto.com/Files/Presentations/2021/CorpPresNov2021.pdf.

1. As "5th Largest Canadian Gas Producer", Peyto's total production is now listed as 600 MMcfe/d instead of the old 540 MMcfe/d.

2. Dividend of course is now $0.05/share/month from November 2021 onwards.

3. Shares Outstanding have grown slightly (1st time in at least 3 years), from 165m to 166m.

4. Net Debt reduced from $1.15 to $1.13b. Specifically, the reduction was actually $15m in the secured bank facility, or down from $732m to $717m.

5. Enterprise Value (equity @ $11/share + debt) now equals $3.0 billion, compared to $2.3 billion (@ $7/share) in September.