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 > those were the days my friends we thought they'd never end

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Comment by uncutgemson Aug 15, 2022 12:49pm

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Post# 34896843

RE:RE:those were the days my friends we thought they'd never end

no. the big difference is the QUALITY of management.

the quality of management created to AAA balance sheet at TOU and the POOR balance sheet at PEY.

you have to get to the root of the issue.

gonatgasgo wrote: The big difference is the quality of the balance sheet. PEY had (and still has) way too much debt. Its hands are tied to a large extend.

TOU was able to acquire a ton of small companies at very cheap prices. This is where the quality of management makes a difference.

uncutgems wrote: I watch companies over the LONG TERM. I cut through the Promotional BS that most retail punters Salivate over. Like SA conference calls from promotional CEOS.

I like SIMPLE CONCEPTS that are easy for retailers to grasp.

Here's one.

Before the downturn

Peyto was prodcuing about 100k boe/d.
Tourmaline was producing about 250k boe/d.

Let's look at what these companies did to change their corproate TRAJECTORY and ability to create value.

Peyto today is producting a shade over 100k boe/d. it's mix of liquids to gas has NOT CHANGED.

Tourmaline today is producing 500k/boe/d. 5x what Peyto is. It has raised it's liquids ratio to around 22% from around 15%.

there are TALKER and DOERS.

which company CEO actually creates value and which company CEO talks about it?

Which kind of CEO runs YOUR company?