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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 auagntungstenon Feb 24, 2024 10:32am
184 Views
Post# 35897109

RE:RE:RE:RE:RE:"Ohhh, butt the HEDGE BOOK!!" Where'd the NG experts go?

RE:RE:RE:RE:RE:"Ohhh, butt the HEDGE BOOK!!" Where'd the NG experts go?After puchasing Natural producing land, and the existing infrastucture, the power plant utilizing fuel at a  price better than normal (henry hub - pipline costs) and a pipeline west to the world it seems that bringing in this supply in a tested thruput, is prudent. The low costs keep the shale plays down so when the price recieved  becomes stable. Holding these cards is what management seems to have and keeping dividends thus shareholders happy. Debt seems to be going down and the purchases seems solid. I'm happy thinking going forward the dividends could grow, I'll buy more shares, I spend my income monthly and live comfortable. I'm not dependant on pey however cream is cream. much better than soured milk, I don't have an agenda in my posts. 
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