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).

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Peyto Exploration & Development Corp > Nat Gas price.....

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Comment by houbahopon Jan 19, 2024 11:44am

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Post# 35835998

RE:Nat Gas price.....

World markets are flooded with gas and trading at multi years lows, TTF, JKM, HH, AECO, etc.
And big producers are pumping gas out of the ground at record levels.
I think natgas will be out of flavour for a big part of 2024.
Shareholders will get hurt with this.

Peyto is doing very well, thanks to their hedges.

Hopefully they will keep capex low to prevent them from taking new hedges in the bottom of the cycle.

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