Bullboard - Stock Discussion Forum 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... see more

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Peyto Exploration & Development Corp > Profitably Grows Reserves in 2021

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Post by Betteryear2 on Feb 16, 2022 7:45pm

Profitably Grows Reserves in 2021

CALGARY, Alberta, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2021. The evaluation encompassed 100% of Peyto’s reserves and was conducted by GLJ Ltd. (“GLJ”). The year 2021 marks the Company’s 23rd year of successful reserves development.

Peyto Profitably Grows Reserves in 2021 and Confirms Larger Capital Program for 2022

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Comment by MagicPinstripes on Feb 16, 2022 8:37pm

I especially loved the bit where "Peyto is pleased to announce the promotion of Mr. Riley Frame to Vice President, Engineering. Mr. Frame joined Peyto in 2013 and has spent the last 3 years as the Manager of Exploitation playing an integral role in directing the Company’s development plans." To think that this company has been exploiting its shareholders for the past three years...Shame ...more

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Comment by Burgersandfries on Feb 16, 2022 10:55pm

I'm a newby shareholder of peyto and just read the release and it states they will be adding 35-40k boe of production by year end 2022. Is this on to of current production or is replacing production and adding. I'm a little confused about the statement. If this is in addition to current numbers that's a crazy production increase. Thx for anyones insight.

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Comment by sportstermathew on Feb 16, 2022 11:11pm

Depletion plus new production levels. So if you deplete 25,000 boe/d then 15,000 added. or 30,000 deplete then 10,000 added. The more new wells you drill the higher the depletion rates. The largest concern for most with Peyto are the hedges and paying down debt. If they can pay down $200 million to $300 million a year that would be fine with most. At current prices you can't ...more

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