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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

Post by winafewon Dec 14, 2021 3:20pm
265 Views
Post# 34230198

Added some

Added someA bit of an iffy time to be buying stock with all the talk about omicron, inflation, and rising interest rates.

Tough to resist Peyto though:
low cost producer
cash flows should be safe due to hedges
getting added to the index next week
and the 6.6% yield at these prices!

There's been some short term price pressure on ng lately, but winter usually arrives sometime (it sure has in Alberta this week...)

GLTA, "sometimes you need to be greedy when others are fearful"
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