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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 PabloLafortuneon Aug 12, 2023 8:17pm
232 Views
Post# 35585648

RE:RE:If my

RE:RE:If myThe way i see it, liquids is ~11% (closer to 12% in Q1..) and Cascades in 2024 will be ~ 9% (assuming 98,000 boepd), together they'll be ~20%.  Cascades will perhaps realize $60 per boe and liquids perhaps $80 (was $79 in Q1 when WTI was $76; WTI is $83 now), avg of ~$70 if Use 50/50 split. Which translates into $14 per boe contribution (before royalties) ($70 x 20%).  My guess is sustaining capex is $11/boe, Dividend is $6.46 per boe and cash costs are $7.20 per boe. $14-11-6.46-7.20 = (10.66)  / .8 = $13.32 per boe revenue break even on natgas or $2.22 per mCF. Conclusion: Cascades sb impactful.
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