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 > December

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Comment by houbahopon Dec 07, 2021 4:52am

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Post# 34205126

RE:RE:RE:RE:RE:December

It is becoming more and more difficult to read Peyto's Gas Marketing Summary page on their corporate presentation file. It all starts with the distinction between gas hedging and gas marketing diversification strategies.

According to 21'Q3 PR:

..."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."...

Does this claim implies it is inclusive of gas marketing diversification strategies?
My guess would be "yes".

By comparing this claim and the Gas Marketing Summary page, I deduced an average of $3.20/mcf for 2022. Hopefuly, this number takes into account gas marketing diversification activities.

Anyone else with a more precise method, Yasch?

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