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 > This is where we go

<< Previous

Bullboard Posts

Next >>

Comment by stockmarket1on Oct 04, 2024 3:06pm

267 Views

Post# 36253728

RE:This is where we go

I'm with you regarding your comments. The stock has had a fabulous run up within the past 30 days.
Next week or 2, I think, we're gonna see a pull back in the share price as we get close to November earnings report. Cash at hand!

G/L.

topdop wrote:
NatG/Oil has firmed up nicely.

Chances of that swinging back are extremely unlikely.

The Repsol integrations are largely complete. Further $ ops savings are still to come.

I don't see more Divvy increases.

Rather, in an environment of dropping BoC rates, letting the CapEx appreciate without Divvy increases will still - say in one year - present attractive divvy rates WRT the wider deteriorating interest rate floor we will face 18 months out.

This set of circumstances can present a perfect opportunity for PEY to garner increasing marginal debt reduction(s) and without adding balance sheet stress elsewhere.

And that, there, is what makes this a $25 company (again).

Big picture is I believe a wider Asset / Value re-rating will occur: PEY is a very respected and efficient Biz. For good or bad, moves to become more recognized by the Street (for eg. new Research initiations & simply more institutional Research) will help in this regard.