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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 houbahopon Apr 05, 2022 9:03pm
133 Views
Post# 34578867

RE:RE:RE:RE:Looks like

RE:RE:RE:RE:Looks like Allow me to  underline some discrepencies with my assumptions, starting with the easy ones:

- Your share outstanding numbers are from 20'Q2
- 21'Q4 royalties were $28.3m
- Capex and acquisition will total close to $152m in 22'Q1.
- Expect a $10m end of year bonus in 22'Q4 (although paid with options or increase share number)
- 21'Q4 revenues after basis and hedging loss was $243m
22'Q1 production is 5% higher than previous quarter and I assume hedged volume average price on Natgas is slightly above hedged price of 21'Q4. I have $275m in revenues after basis and hedging loss for Q1. $250m for Q2 because of lower hedge price of summer months.

I end up with $270m in debt reduction by december 31st vs $350m claimed by DG.

Hope this help.

Houba!

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