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 > nothing has changed

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Post by uncutgemson Jul 05, 2022 1:25pm

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Post# 34802438

nothing has changed

i just noticed that peyto Finally got back to 100k boe/d of production. it took them 5 years. Still plodding along at 12% liquids. it amazes me how this management team, that did next to nothing to improve its position as a corporation during the long painful downturn, contines to earn plaudits from retail punters. Still OVER $1b of long term debt.

and NO tourmaline is not going to buy PEYTO. the reason is that peyto management AINT gettin off the gravy train anytime soon. Tourmaline doesn't need a bunch of DEBT either.

cheers!

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