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 now at $889 million? Paid $81m in Q4?

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Comment by SecondhandGnuson Feb 17, 2023 9:20am

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RE:Peyto debt now at $889 million? Paid $81m in Q4?

$81-82MM in Q4 debt reduction is a good numberI was expecting $65-70MM, so a pleasant surprise. The increased dividend will now be slowed by approximately $22MM/quarter due to the increased dividendI cant complain about it, since this is consistent with PEY historical patterns, but Id be happier lowering debt more quickly, keeping a bit of powder dry for more Brazeau/Chambers land.

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