RE:RE:Peyto expects $700 to $800m FFO in 2022Cash Flows of $750m
Adjusted 2022 est. Capex to $410m to include the Brazeau River acquisition.
FreeCF of $340m
Dividends of $101m
Debt payment of $239m
Hopefully, commodity prices won't crash during the year. They shouldn't, but who knows?
Besides, not much meat around the bone concerning hedging activities for 2022. They could enlighted us a little better. It has been the biggest drag in 2021:
Nat. gas production: 476.4 mcf/d => 173 740 mcf for the year
Marketing diversification activities cost: $1.16/mcf => $201.5m
Hedging activities cost: $0.91/mcf => $173.7m
Liquid production: 11 653 bbl/d => 4.25m bbl for the year
Hedging activities cost: $8.49/bbl => $36m
These market diversification and hedging activities had a total impact of $410m on Peyto's finance in the course of 2021.
THIS IS HUGE AND IT IS A BIG PART OF THE CAUSE, SHARE PRICE IS DEPRECIATED.
Yet, in this PR, not much has been written on the topic for 2022 in order to reassure investors.
Darren should come in front and provide clarity on their startegy for 2022 and future years.
This would turn the last page of this obscure book!