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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 GregC24on May 18, 2024 11:38am
134 Views
Post# 36047279

RE:RE:RE:RE:As expected......SAVED by Repsol...!!!

RE:RE:RE:RE:As expected......SAVED by Repsol...!!!

wreckhouse wrote: My opinion, of course. Not sure if anyone else would somewhat agree. 

I will back you on that .  With Cascade ramping up and the news out about ATCO building a pipeline on Peyto's doorstep /leases. I am sure the swivel chairs in board rooms will require some greese with Peyto in the Lime Light. 
Their best bet with extra profit this year is paying down debt . Come 2025 first qt. we my see a divi of .03 increase . Have a great long weekend .   BCRNW

Won't be a lot of debt paid down.  Debt might increase the next two quarters   


"in terms of free cash flow for the balance of the year, I'm wondering if you can help us sort of triangulate where you see your free cash flow profile going in the balance of 24?

Well, we don't typically guide specifics on that. But generally speaking, we will with prices a little bit lower here in the next two quarters, we'll see that come down. Obviously, cash flow will come down in general. And so that might mean we accumulate a small amount of debt over those terms. "


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