Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > looking at
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(583)
•••
Comment by malx1on Aug 11, 2023 3:50pm
183 Views
Post# 35584486

RE:RE:RE:looking at

RE:RE:RE:looking at
wreckhouse wrote:
  • Net debt9 down 12% – Net debt was reduced by $122 million from Q2 2022 to $870 million. Interest costs increased 10% from .20/Mcfe in Q2 2022 to .22/Mcfe in Q2 2023, while the average Bank of Canada rate increased from 1.09% in Q2 2022 to 4.56% in Q2 2023. Net debt has fallen for 11 consecutive quarters.
  • A sharp pencil will be required here with the higher bank rate .  If they can bring the number down around 600 million by year end 2023 Peyto will be in the top rankings . Peyto has good hedges for the 2half and going into 2024 , all good . My average is still at 2.44 so I shouldn't any sleep here with the divi . BCRNW


Would prefer to see debt at 1x FFO.

Dividend increase could have been delayed until 2024.

Looks like we walk eggshells until LNG demand kicks in.

Quality business with a little too much debt, for now.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities