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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > Miniscule changes to hedgebook March to April

<< Previous

Bullboard Posts

Next >>

Comment by sportstermathewon Apr 15, 2022 5:46pm

178 Views

Post# 34606947

RE:RE:RE:RE:RE:RE:Miniscule changes to hedgebook March to April

This is what I don't understand. Production should be much higher in the end, maybe up to 115,000 boe/d or higher by year end. Maybe adjustments will come along.

They don't want to be looked at as taking advantage of current prices against other producers and then cause an over supply.

This year is going to be very very interesting. Maybe I should be looking at some PEY calls?

Long term May 23's?

If Shenty can make money on calls we should be able to also.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023