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).

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Peyto Exploration & Development Corp > CIBC Equity Reasearch Overly Harsh Earning Review IMO

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Comment by houbahopon Mar 12, 2022 5:17pm

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Post# 34509381

RE:CIBC Equity Reasearch Overly Harsh Earning Review IMO

Peyto is trading at 3.0x 2022E EV/DACF versus peers at 2.7x and we maintain our

Neutral rating and price target.

EV is 1.9B at $11/sha

Estimated 2022 DACF: 1.9B/3 = $633m Really?

And on the other side, Darren claims Peyto will reimburse $350m of debt by the end of the year with a $400m capex program and $100m in dividends.

Do I have to return to school?

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Two micro-cap stocks with strong fundamentals