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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > Flat

<< Previous

Bullboard Posts

Next >>

Comment by GregC24on Aug 13, 2024 9:11pm

103 Views

Post# 36177734

RE:RE:RE:Flat

GregC24 wrote:
stockmarket1 wrote: Unless I missed it but where does it show if debt was paid down? I see a blank area where the debt colum is. ?? If I was a betting man, I think the stock will begin the day in the negative. I found the report to be 50 / 50.

I will say this....if theres a positive it peytos hedging
.Its kicking butt!

As the payout ratio for the quarter was 107% I don't think debt was paid down. As guided in the Q1 call, debt was expected to increase slightly for q2 but debt is still down from Q4 2023.

At q1 net debt was $1,339,558,000. At q2 $1,337,577,000. Better than guided during the q1 call.

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments