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Bullboard - Stock Discussion Forum 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... see more

TSX:PEY - Post Discussion

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Post by shenty46 on Jul 06, 2021 11:57am

Nothing special

Nothing special, except they may start the dividend next year, and there stock is way undervalued, as darren gee said, when we have these gas prices in2014, their stock was trading at 40 dollars, and they were producing just 75000 boe/d vs this year expected 100000boe/d, and has more reserves.
Comment by Yasch22 on Jul 06, 2021 3:04pm
This post has been removed in accordance with Community Policy
Comment by houbahop on Jul 06, 2021 3:59pm
In 2014, cash per boe averaged $23. In 2021, cash per boe is expected to be $12-$15. In the meanwhile, average debt increased by 30% and dividends were cut from $170m to $6.5m per year. But the past is the past and the future looks good.