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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 > Two Things That Jump Out from Earnings Report
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Comment by stockmarket1on Nov 11, 2023 1:46pm
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Post# 35730288

RE:RE:RE:RE:RE:RE:Two Things That Jump Out from Earnings Report

RE:RE:RE:RE:RE:RE:Two Things That Jump Out from Earnings ReportSounds solid and I sure hope their analysis is accurate and holds on. The dividend is key here for very long term holders.


mickeymouse wrote: From CIBC November 8th analyst report - paragraph 4:

"Capital Programs and Dividend mostly protected in 2024.  Through its regular hedging program, Peyto has fixed 655MM and 599MM of 2024 and 2025 gas revenue, respectively.  This amounts to about 92% of our estimated capital commitments (capex and dividend) in 2024 and 82% in 2025."

Peyto is currently yielding 9.7% and they certainly have the abiliity to cover their dividend and capex costs for the next 2 years considering that those figures reflect that they have hedged 68% of their production for 2024 and 56% of their 2025 production according to their Q3 earnings release.


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