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 > Hedging losses

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Comment by Quintessential1on Aug 15, 2022 4:40pm

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Post# 34897610

RE:RE:RE:RE:Hedging losses

Hedges are there to protect the lender too. That is why they require them and that is why debt has to be reduced so that the hedges can be reduced or even better eliminated.

GLTY and all.

borne2run wrote: WRONG analogy !!! Mortgage insurance is to protect the lender, not the buyer / homeowner.
Example: 10% down, condo bought at market peak. Housing market crashes by 20% (condos even more). Buyer loses job and defaults. Bank reposesses the property and liquidates, then is made whole by collecting on the mortgage insurance policy.

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Advancing flagship Ishkõday Gold Project in Ontario