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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 mickeymouseon Aug 14, 2023 4:45pm
217 Views
Post# 35587748

RE:RE:If my

RE:RE:If my
houbahop wrote: $10/GJ has a major impact on the earning profile of the operation.I just hope this too good to be true $10/Gj given by Peyto in its latest report is not a smokescreen thrown at shareholders.
Anyone remembers Mr Gee's winter 22' prediction that Peyto would decrease its debt by more than $350m before year end? A little more than $200m was achieved.as it was the most probable scenario.

Future will tell...

In the meanwhile, I'll take this number 10 thinking I might ignore other elements of the equation.

Do you have evidence that this $10/GJ is incorrect or are you speculating that management is being deceptive based on something that happened in 2022 with a different CEO - "the too good to be true" comment indicates you are skeptical - you may be proven to be correct but your comment can only be viewed as negative and is counter productive for someone owning shares in this company.
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