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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 sportstermathewon Apr 03, 2022 7:19pm
147 Views
Post# 34571680

RE:RE:Other Gassy stocks

RE:RE:Other Gassy stocksThanks, I did not see the OpExpenses number but knew about the abandonment costs, the spread of properties etc.

I think once the current inventory of old wells is cleaned up it won't be as much of an issue.  Similar to PEY the wells they have producing are long term thus fewer per year to clean up down the road.

Just wanted to try and reproduce something similar to CR but at a lower price range.  Maybe no free rides anymore.

PEY's return lately is not as good as several others per the competition list on DOOM's IV board.  PEY was good last year.  But even with good returns I was able to move ahead with others and come back to PEY.  My ability to do this increased my potential purchase of over 6000 to 7000 PEY more shares than if I was all in on PEY.  Some short term trading does help, not sure if always or even positive long term.

I just have this nagging feeling that PEY will head past $20 pretty quickly this year and towards $30 once debt comes down to say $400 to $500 million.  A plethora of extra funds does help one clean things up.

I urge everyone to go back and read the transcript from the 4th quarter year end conference call.  Many are now saying what Gee has been saying about the very very low inventory in Canada for NG.

Here's for another reasonably good week.






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