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 > Peyto debt-ebitda ration at 1:1 by year end?

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Comment by SecondhandGnuson Aug 15, 2022 4:22pm

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Post# 34897558

RE:Peyto debt-ebitda ration at 1:1 by year end?

Yasch, I'm guessing EBITDA will be over $850MM by year-end, but I suspect your quick debt reduction calculation will be close--Peyto is pushing growth, even if the market is unenthused, so another tuck-in acquisition +more farm-ins/AB land sale purchases will soak up the extra cash flow.

I seem to be in the minority in not being against their growing while having what used to be seen as normal debt. 2023 will be a monster FCF year for those who can afford to stick around.

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