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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 MagicPinstripeson Apr 03, 2022 8:33pm
160 Views
Post# 34571780

RE:RE:RE:Other Gassy stocks

RE:RE:RE:Other Gassy stocksI hear you - I'm also heavily invested in Crew and I too was also looking for producers where you'd find a lot of value. I thought Pine Cliff would fit the bill, but without the growth plan like Peyto, Crew, Birchcliff, etc. and seeing how their OpEx has been steady for the past few years around 85-90m without adding production to offset those expenses, it just seems like they're content to pay a small dividend and keep the ship steady. They'll be debt free which is great, but unlike Kelt, they're not keen on building up. Frankly, if they did, their low decline rates would start to slowly inch up. If you take a look at their history, their growth seems to be tied to small asset acquisitions rather than through the drill bit, to borrow a phrase from Darren Gee.
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