PEYUF News and Press, Peyto Exploration & Development Corp From 08/06/21

Kahn Brothers’ 13F portfolio value increased from $646M to $698M this quarter. BP plc and Pfizer were increased, while decreasing Nam Tai Property and BlackBerry during the quarter. The portfolio continues to be very concentrated with the top five positions accounting for ~...

Most investors seem to be valuing Peyto based on a multiple of cash flow. Unlike many natural gas players, Peyto has massive proven but undeveloped reserves. Valuation of those Proven Undeveloped Reserves as a "real option" using Black Scholes returns a value triple Peyto's curren...

Natural gas and oil prices have risen since Q1 2021 and futures markets suggest they will remain firm for the balance of the year. Peyto's low-cost base and high capital efficiencies allow the company to add production quickly when prices are firm. I estimate Q2 operating cash flo...

This Canadian natural gas producer had a great first quarter. Average selling prices are likely to remain strong all year. No one expected AECO prices to recover as quickly as they did. The company has the flexibility to increase the liquids percentage should management chose ...

The following slide deck was published by Peyto Exploration & Development Corp. in conjunction with their 2021 Q1 earnings call. For further details see: Peyto Exploration & Development Corp. 2021 Q1 - Results - Earnings Call Presentation

Peyto Exploration & Development Corp. (PEYUF) Q1 2021 Earnings Conference Call May 13, 2021, 11:00 ET Company Participants Darren Gee - President, CEO & Director Kathy Turgeon - VP, Finance, CFO & Director Lee Curran - VP, Drilling & Completions Derick Czember - VP, Land Todd ...

Initial natural gas production rates rose 87% to exceed 10MMCF per day. As a result, dry gas production is now more profitable than liquids production. The abnormally low temperatures allowed the extra natural gas production from the new wells to be sold on the spot market at grea...

This was one of the few companies that was profitable in 2020. The cost of new wells has declined sharply. Profitability of wells is more than 100% when WTI is $50 and other assumptions are met. Payback is probably under a year with oil prices above WTI $60. Cash flow can ...

Production and free cash flow should recover this fiscal year. Debt repayment is another high priority. The next natural gas cycle should be more typical unless the unconventional business grows significantly and rapidly again. The slow diversification into more liquids produc...

Peyto stock has suffered following weak performance caused by low commodity prices and an ill-timed basis hedge program. Peyto's punishing basis hedges are running out over the next few quarters while commodity prices have risen. The market should recognize Peyto's high cash gener...