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

<< Previous

Bullboard Posts

Next >>

Post by topdopon Nov 05, 2024 8:11am

72 Views

Post# 36296635

I agree Houb

Growing marginal production isn't smart and reducing debt is.

What happens when those net +ve hedges roll off and the opportunities to keep replacing (at beneficial prices) simply aren't available?

PEY should have learned their lessons by now.

Why is it so hard for Management & BoD to figure this out?

<< Previous

Bullboard Posts

Next >>

What will the U.S. election results mean for Canada?