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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by Quintessential1on Dec 24, 2022 8:20am
238 Views
Post# 35190927

RE:RE:RE:RE:RE:RE:RE:AECO prices very firm

RE:RE:RE:RE:RE:RE:RE:AECO prices very firm "including removing the liquids hedging line??"

Given the price of condy lately that is probably a smart play.

Given their hedging history it might be a smart play across the entire production line.

Now I know they have to keep a certain amount of hedging in place to satisfy creditors which is why paying down debt is so important.  I also think they may have come out ahead in the long run with their hedging stratagy but, don't you think they should know for sure?  Before the debt rolls off and they have the option they should put their own hedging numbers iinto a spreadsheet or two and try to figure out if they have come out ahead historically with their hedging stratagy or not.  It would not only serve to reinforce their decision making processes for the future low debt (hedging not required) marketing plan but also reassure investors that they are taking the right course of action based on the numbers either way.  If you don't know...you don't know for sure.

GLTA


MikeySwoosh wrote:
wreckhouse wrote: Obviously lots can change between now and then though.  At least Peyto should have some pain relief with the Cascade Power project looking for NG to make some steam end of summer . Was looking for updates but noting of real importantance was coming my way . BCRNW

As per their latest marketing report (which has changed quite a bit, including removing the liquids hedging line??), they suggest that Cascade power plant should be taking their gas in Q4 of next year.


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