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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 finedaceon Apr 29, 2024 9:20pm
145 Views
Post# 36013873

RE:Huge day for Peyto today

RE:Huge day for Peyto today

In the May 14 Q1 report I would like to see EPS well over $0.50 per share.
In 2020, the only year Peyto ever reported an annual loss, Q1 was -0.41 per share.
In 2021, 0.23. In 2022, 0.56. Last year, 0.51.

I know people like to look at cash flow instead, probably makes sense, but still I'd like to see this year EPS to come in well past $2.50 for the whole year.

I hope debt reduction or share count reduction can be active tactics now. The latter won't happen with Peyto they can't be trusted as the last time this was an agenda item (NCIB) from the company, it was an empty threat, and when the opportunity to load up at a dollar each share was in play no insider bought any at all.

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