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 > Drilling rigs?

<< Previous

Bullboard Posts

Next >>

Comment by sportstermathewon Feb 21, 2022 9:12am

160 Views

Post# 34447579

RE:RE:RE:RE:Drilling rigs?

Any time you can pay for a new well within a year or less that is always great news and the long-term impact is incrementally positive.

CAPEX may spike because of this but cashflow and FFO should be even better to compensate.

Peyto goes where the money is.

And one thing I like is they have picked up more land I have heard, maybe in the last reserve report.

<< Previous

Bullboard Posts

Next >>

How does sponsorship affect share price?