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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by stockman6on Jul 30, 2002 12:53pm
85 Views
Post# 5325716

RE: stockman - jvw77

RE: stockman - jvw77"Your numbers seem low. Do you know what they are based on? " They're actually not my numbers, I pulled them off the "estimate" section in Globeinvestor. The reason I posted them was to get some comments on why their estimates for upcoming EPS appear to be 30% lower than estimates from some here on the board, and why they currently rate PEY as a HOLD. I'm not sure what the analysts based them on, there is little (no) description given on what their production forcasts are. However, these individuals will generally have better direct access to PEY management for forward looking guidance than the retail investor. Not trying to sound negative, just trying to consolidate published analyst consensus with views from retail "longs".
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