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 > NG NEWS

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Comment by sportstermathewon Feb 23, 2023 10:40am

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Post# 35300678

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NG NEWS

I believe debt will eventually go down, and will continue to do so each and every quarter, even if say 50 million or less it still is shrinking and over time will be under $500 million.

Will they go to zero? it all depends upon whether they have huge profits above and beyond what they want to spend on capex and new plants, pipes etc.

I have not been paying much attention lately as prices were so poor but today is a nice turnaround.

Still 100% in PEY, CR and PRQ

Lost my shirt on some options but less than 10% so not a huge issue I think.

Just hurts.

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