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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > Thoughts on peyto

<< Previous

Bullboard Posts

Next >>

Post by robert41on Jul 11, 2023 3:49pm

322 Views

Post# 35536162

Thoughts on peyto

First off sure miss yasch and TerribleEng! I expect we'll see more debt has come off the books in the second quarter report.. our nice low float should mean we don't need to buy shares although I like the idea with debt dropping maybe they do this in 2024? The divi is terrific and appears sustainable as we look to more egress as kitimat starts shipping in a year or so. I like peyto more than ever but I'm not an expert... any thoughts out there.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading