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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > The undisciplined Natgas producers are at it again!

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Comment by houbahopon Dec 10, 2021 5:12pm

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Post# 34220459

RE:RE:RE:RE:RE:The undisciplined Natgas producers are at it again!

Well said, TE!

Also, there's seems to be many corners in Peyto's environment.

..."The high debt model really paints you into a corner in a down market and makes you vulnerable."...

Selling basis deals in a short period of time - out of frustration - that covers years of production is another corner shareholders were painted.

But this is starting to belong to the past.

Not acting NOW on the debt issue when the opportunity window shows up (luckily), is a corner the BOD might make us all revisit in the not so distant future.

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