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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 houbahopon Feb 17, 2022 5:53am
135 Views
Post# 34437068

RE:Debt reduced by $34m in Q4?

RE:Debt reduced by $34m in Q4?"Peyto says net debt unaudited was $1,098b, compared to Q3/21 of  $1.132B. 
Congrats to Houbahop, who (going from memory) said it would be closer to $30 or 40m compared to my initial estimate of  around ~$70m."

Eh!Eh! I'm watching...

*****

"...Let's hope debt repayment accelerates as the expensive hedges + synthetic transportation costs keep winding down and production goes up in '22...."

There is a potential to reduce debt by $200m in 2022.

Shareholders will know soon if management has a commitment dealing with this issue.
If not, expect shares to languish.

Natgas prices look good today, but with producers going full monty on bringing more production on the markets,  let's pray the US LNG exports will take all the excess volume.

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