Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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).

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Peyto Exploration & Development Corp > August Monthly Report

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Comment by houbahopon Aug 06, 2024 8:26am

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Post# 36165575

RE:RE:August Monthly Report

I saw rigidity in this report, thought to be a thing of the past...
Natgas 2025-2026 futures strip could trade below $2.50/mcf at HH and $2.00/Gj at AECO and it seems like they would not adjust their capex program despite the heavy debt load. This rigidity is Peyto's Achilles' heel.

In the current context, I will be very patient before adding to my position.

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