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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

Peyto Exploration & Development Corp > Peyto Monthly Report Feb is out, link below
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Post by Ganga22 on Feb 03, 2024 5:42pm

Peyto Monthly Report Feb is out, link below

https://peyto.us14.list-manage.com/track/click?u=a71b2b270bc46d6d239c9a2e3&id=067f7e4013&e=6ae5263bfa
Comment by shenty46 on Feb 03, 2024 7:03pm
This monthly  report looks like a warning that recent acquisition output has high production cost and the whole profits may be impacted. 
Comment by GregC24 on Feb 03, 2024 9:30pm
Uh what?   They said that production costs would be higher a while back. This is known.  And isn't what the report is saying at all. The title of the report is literally "living up to expectations" as what they expected to happen is happening.  "Production from the new wells is a reminder of why we coveted these lands for so long. Figure 2 shows that on average, ...more  
Comment by earlybird_787 on Feb 04, 2024 2:30am
I don't know how shenty arrived at such a negative conclusion......lol.
Comment by houbahop on Feb 04, 2024 5:25am
It looks like there will be minimal production growth in 2024. Should be, anyway. In the current environment of flooded markets with low natural gas prices and low futures strip values, I hope M. Lachance will readjust its capex program to somewhere below $400m. Otherwise,  they will repeat the same smoke and mirrors story of claiming 50%+ IRR on new wells while selling hedges below $2/mcf ...more