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 > Is the dividend reliable?

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Comment by Dadsaid2on Sep 10, 2024 5:13pm

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Post# 36217465

RE:Is the dividend reliable?

Ive heard 3-4 investment advisors say the current dividend is safe for at least 2 years. While oil prices have dropped from $75 to 65 the gas price has stayed well above $2 (2.23 today on BNN) which is very important to PEY. They are a heavy gas play. I forget the percentage but l think it was 80% (or more) gas vs oil. So l watch the gas price as l watch PEY. They run several gas processing plants and a bunch on pipelines. Gas is key. Comments welcome and correct me if lm wrong. GLTA.

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