Peyto Exploration & Development Corp T.PEY

Basis deals

[sportstermathew]

Am I wrong in assuming even though they lost money on the basis deals they got better terms on the other end??

Also, when you are looking at tanking prices, Russia, Saudis, Pandemic the idea is to just survive and then figure it out when things improve.

People sometimes forget and hindsight is not always there for those making the decisions early on.

Sometimes a slap in the face, can be very important when making decisions one is not familiar with.  I once did a bad purchase and it has saved me more going forward year after year as it is long in my mind each time.

Peyto is hot and heavy with recent wells drilled and completed over the last six weeks, this will have a good impact on revenues over this winter hopefully.  Another four weeks of drilling maybe to what Dec 15th or 20th back around Jan 10th to 15th??

As egress does not seem to be an issue as it was, and production declines will eventually be noticed by companies no longer around or with little new money to drill, it gives Peyto more room, not that we are talking hundreds and hundreds of millions of extra production by Peyto but enough that it can have a good impact going forward as it did in the 00's and put us back on the right track.

A good day all around, maybe there will be a steady improvement in Peyto's price going forward.

[Yasch22]

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[Eigen337]

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[sportstermathew]

Well maybe they won't do that much anymore and move on to things they know about. Trying to figure out what the world is doing anymore is a mugs game.  When politicians can break all the rules known, actual laws that they could be fined or go to jail for with no recrimination. I am only looking forward.   Better egress, right?  Almost not an issue anymore?? Lower costs,

[ElJ]

Yasch22,                  My model for Peyto is pretty rusty since making a strategic direction change in October 2019 and so I need to modify and include the basis deals, etc... I am looking for a model check reference from experienced Peyto BBoard posters on the Liquids side where, for estimated production in Q4, 2020  I am currently looking at

[Yasch22]

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[sportstermathew]

Most people seem to forget that not only do these companies have to operate during one of the worst worldwide periods in 100 years but their families also. This is just not an impact on prices only, but supplies, shipping, borders, demand, cashflows coming off a six year period of horrible, political upheaval like we have never seen in North America at least in my life time, medical concerns all

[houbahop]

Two big problems are still prevaling in this industry. Alot of natural gas is a co-product of oil production. Oil needs to stay below $40usd/barrel to keep that production at par. Secondly, producers are still talking about using any uptick in NatGas prices to increase production. This thinking will keep prices low as long as there is not a substancial increase in demand. A big problem is from

[ElJ]

Yasch22,                  Thank you for your detailed response to my request for Q4, 2020 projections-sharing on Peyto Liquids.  I am encouraged that we are clearly both indicating expectations of useful Revenue increase on Liquids.... in your case $43.6m in Q4, 2020  up from $34.1m in Q3 (i.e. +28%) while I had (first effort) Q4, 2020 at $41

[Yasch22]

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