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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 petrolia1on Apr 10, 2024 6:15pm
113 Views
Post# 35982283

RE:RE:Peyto taking a page from Birchcliff...........

RE:RE:Peyto taking a page from Birchcliff...........Simply stated I would  like  to see peyto  focused  on more debt reduction. They were caught  with  their  pants  down  before. Unfortunately  I held  from over $40 to less than  $1.In one of the conference  calls a private  investor  asked  D Green  about  stock buy backs whe  sensible  to do so(ie when shares were bellow $ 1 snd they were boasting  on their presentation  that infrastructure  replacement  cost was more  than $20 per share) he brushed it off that dividends  were  a better  priority. I sold my rrsp holding, but still hold in my unregistered  account. Toumoline has ate their lunch.But they still claim  their virtues.Hopefuly new management  will reflect  and change  tactics to create  better  shareholders  total returns.

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