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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 > March report out
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Comment by houbahopon Mar 04, 2022 2:22pm
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Post# 34484342

RE:RE:RE:March report out

RE:RE:RE:March report outQ4 results will show again the incredible amounts of basis and hedge losses. They won't move anything.

The oulook for 2022 will be a different story.
I suspect the financial analysts covering the industry will have major changes in their forecasts for current year and beyond. We might be looking for a 14% growth in yearly average production from 2021 to 2022.

If the report can show the difference in what was the average hedge price for 2022 vs the current average hedge price for 2023, it will be the last nail in that bad basis trade deal and greatly help looking forward.

As for Tourmaline, the good news was probably well anticipated and some sold on the news. There was nothing in that report signaling a reversal of fortune and macro is in full swing.

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