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Peyto Exploration & Development Corp (PEY.TO)

PEY.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Peyto Announces Strategic Three Year Plan
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Peyto Exploration & Development Corp ::PEYTO ANNOUNCES STRATEGIC THREE YEAR PLAN.PEYTO EXPLORATION & DEVELOPMENT CORP - EXIT YEAR AT 94,000 BOE/D PRODUCTION.PEYTO EXPLORATION & DEVELOPMENT - PRELIMINARY 2019 CAPITAL BUDGET ANNOUNCED NOV 7, 2018, RANGING FROM $250-$300 MILLION, REDUCED TO $150 TO $200 MILLION.PEYTO EXPLORATION & DEVELOPMENT CORP - CONDENSATE AND NATURAL GAS LIQUIDS PRODUCTION EXITED YEAR AT A 12,000 BBL/D.PEYTO EXPLORATION & DEVELOPMENT - IN 2020 & 2021 PLANS TO RAMP-UP CAPITAL INVESTMENT WITH CAPITAL PROGRAMS OF ABOUT $270 & $320 MILLION AT COST SIMILAR TO 2019.PEYTO EXPLORATION & DEVELOPMENT CORP - WILL BE ACTIVELY MARKETING MIDSTREAM PROCESSING OPPORTUNITIES FOR ITS EXCESS CAPACITY.PEYTO - IN 2020 AND 2021 PEYTO PLANS TO RAMP-UP CAPITAL INVESTMENT WITH CAPITAL PROGRAMS OF APPROXIMATELY $270 AND $320 MILLION AT A COST SIMILAR TO 2019.PEYTO EXPLORATION & DEVELOPMENT - STARTING WITH JANDIV DIVIDEND, MONTHLY DIVIDEND TO BE TEMPORARILY REDUCED FROM CURRENT $0.06/SHARE TO $0.02/SHARE.PEYTO EXPLORATION & DEVELOPMENT - COMBINATION OF REDUCED CAPITAL PROGRAM & TEMPORARY DIVIDEND REDUCTION TO ALLOW CO TO MATERIALLY REDUCE INDEBTEDNESS.PEYTO EXPLORATION & DEVELOPMENT CORP - FUTURE NATURAL GAS PRICE REALIZATIONS IN ALBERTA ARE EXPECTED TO IMPROVE SIGNIFICANTLY OVER NEXT SEVERAL YEARS.  Full Article

Peyto Reports Q3 Earnings Of $0.18 Per Share
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Peyto Exploration & Development Corp ::PEYTO CELEBRATES 20 YEARS WITH Q3 2018 RESULTS.PEYTO EXPLORATION & DEVELOPMENT CORP - QTRLY FUNDS FROM OPERATIONS OF $0.66/SHARE.PEYTO EXPLORATION & DEVELOPMENT CORP - QTRLY EARNINGS OF $0.18/SHARE.PEYTO EXPLORATION & DEVELOPMENT CORP - PRELIMINARY 2019 BUDGET WHICH INCLUDES A CAPITAL PROGRAM OF APPROXIMATELY $250-$300 MILLION.PEYTO EXPLORATION & DEVELOPMENT CORP - PRODUCTION FOR 2018 IS EXPECTED TO EXIT BETWEEN 94,000 AND 96,000 BOE/D.PEYTO EXPLORATION & DEVELOPMENT CORP - Q3 2018 PRODUCTION OF 511 MMCFE/D (85,242 BOE/D), DOWN 16%.  Full Article

Peyto Exploration & Development Q2 FFO Per Share C$0.70
Thursday, 9 Aug 2018 

Peyto Exploration & Development Corp ::PEYTO ANNOUNCES Q2 2018 RESULTS.Q2 FFO PER SHARE C$0.70.Q2 2018 PRODUCTION OF 549 MMCFE/D (91,547 BOE/D) WAS DOWN 6% FROM Q2 2017.QTRLY REVENUE $159.8 MILLION VERSUS $179.0 MILLION.  Full Article

Peyto Q1 Earnings Per Share C$0.29
Tuesday, 8 May 2018 

May 8 (Reuters) - Peyto Exploration & Development Corp ::PEYTO ANNOUNCES Q1 2018 RESULTS.Q1 EARNINGS PER SHARE C$0.29.Q1 EARNINGS PER SHARE VIEW C$0.33 -- THOMSON REUTERS I/B/E/S.Q1 FFO PER SHARE C$0.90.PEYTO EXPLORATION & DEVELOPMENT - Q1 PRODUCTION OF 629 MMCFE/D (104,793 BOE/D) WAS UP 4%, ON AN ABSOLUTE AND PER SHARE BASIS, FROM 607 MMCFE/D IN Q1 2017.QTRLY NATURAL GAS AND NATURAL GAS LIQUID SALES, NET OF ROYALTIES WERE $145.6 MILLION VERSUS $186.4 MILLION.  Full Article

Peyto says monthly dividend will be reduced to $0.06 per share
Friday, 12 Jan 2018 

Jan 11 (Reuters) - Peyto Exploration & Development Corp ::PEYTO REPORTS ACHIEVEMENT OF YEAR END PRODUCTION TARGET AND REVISES 2018 OUTLOOK.‍EXPECTS TO REPORT ANOTHER PROFITABLE AND SUCCESSFUL YEAR IN 2017​.‍DEVELOPMENT PLANS DEFERRED AND CAPITAL BUDGET REDUCED TO $200-$250 MILLION​ FOR 2018.- REVISED CAPITAL PLAN FOR 2018 IN LIGHT OF RECENT 40% DECLINE IN NEAR-TERM NATURAL GAS PRICES​.‍MONTHLY DIVIDEND WILL BE REDUCED FROM CURRENT $0.11/SHARE TO $0.06/SHARE​.- ‍SCOTT ROBINSON, PEYTO'S CURRENT CHIEF OPERATING OFFICER (COO) HAS DECIDED TO TRANSITION TOWARDS RETIREMENT​.‍AVERAGE PRODUCTION FOR YEAR 2018 IS EXPECTED TO BE 2% LOWER THAN 2017.​.PEYTO EXPLORATION & DEVELOPMENT -APPOINTED ‍JEAN-PAUL LACHANCE, PEYTO'S CURRENT VP EXPLOITATION, TO POSITION OF EXECUTIVE VP OF ENGINEERING AND COO​.  Full Article

Peyto announces Q3 FFO per share c$0.85
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Peyto Exploration & Development Corp :Peyto announces Q3 2017 results, earnings per share up 93%.Q3 FFO per share c$0.85.Peyto Exploration & Development Corp - ‍Q3 2017 production of 612 MMCFE/D (101,951 boe/d) was up 6pct from q3 2016​.Peyto Exploration & Development - ‍board has approved a preliminary first half 2018 budget which includes a capital program of approximately $150 million​.Peyto Exploration & Development Corp - ‍for second half of 2018, Peyto intends to embark on a larger capital program of approximately $300 million​.  Full Article

CANADA STOCKS-TSX little changed after posting two weeks of gains

Jan 7 Canada's main stock index little changed on Monday, after notching two weeks of gains, as advances in healthcare stocks were stymied by losses in energy shares.