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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 6:29pm
152 Views
Post# 35982298

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

RE:RE:Peyto taking a page from Birchcliff...........Simply stated I would; to see peyto focused on more debt reduction. They were caught wirh their pants; before. Unfortunatel I held; from over $40 to less than  $1.In one of the conferenc calls a private investor asked D Gee; about ; stock buy backs when 
ssensibble 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 ate their lunch.But they still claim their virtues  Hopefuly new managemen; will reflec and change; tactics to create; better total shareholder total returns.
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