CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) herein presents its operating and financial results for the first quarter of the 2020 fiscal year. The unprecedented global pandemic which disrupted world energy demand, in combination with an untimely market share price war amongst certain OPEC+ members, led to severe commodity price volatility in the quarter. Peyto’s industry leading costs structure allowed it to preserve a 55% Operating Margin(1) however both Profit Margin(2), Return on Capital (0%) and Return on Equity (2%) were eroded due to a further 30% drop … Continue Reading

CALGARY, Alberta, May 07, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX – PEY) (“Peyto”) is pleased to announce that the nominees listed in the information circular – proxy statement dated March 25, 2020 were elected as directors of Peyto at Peyto’s annual and special meeting of shareholders (the “Meeting“) held today, May 7, 2020.  The detailed results of the vote for the election of directors held at the Meeting are set out below.

Election of Directors

On a vote by ballot, each of the following seven nominees proposed by management was elected as a director of Peyto:… Continue Reading

CALGARY, Alberta, May 05, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company“) reminds shareholders that, in light of the ongoing public health crisis related to the COVID-19 pandemic, and in order to reduce potential risks to the health and safety of its shareholders, employees and other stakeholders, it is strongly urging shareholders and others to remain at home and not attend in person at the Company’s annual and special meeting of shareholders to be held on Thursday, May 7, 2020. Attendance in person will be strictly restricted to essential personnel and registered shareholders and duly … Continue Reading

CALGARY, Alberta, April 15, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) announces today its board of directors (the “Board”) has approved a reduction to the Company’s capital program and dividend in response to the extreme impacts of the COVID-19 pandemic on near term hydrocarbon demand and commodity prices.

The 2020 capital program, which was expected to range between $250-$300 million, has been reduced to between $200-$250 million. Peyto will ensure it stays nimble with the ability to adjust the capital program either up or down in response to commodity prices and the … Continue Reading

CALGARY, Alberta, March 13, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to March 2020 of $0.02 per common share is to be paid on April 15, 2020, for shareholders of record on March 31, 2020.  The ex-dividend date is March 30, 2020.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies.  The website also … Continue Reading

CALGARY, Alberta, March 04, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to report operating and financial results for the fourth quarter and 2019 fiscal year. A 66% operating margin1 and 27% profit margin2 was achieved in 2019, allowing Peyto to deliver a 4% return on capital employed (“ROCE”) and an 8% return on equity (“ROE”) in the year.

PROFITABILITY = SUSTAINABILITY

Free Cashflow – Generated $117 million in free cashflow in 2019 and continued to strengthen the balance sheet with $78 million in net debt reduction.

Long Life, Low Decline

… Continue Reading

CALGARY, Alberta, Feb. 19, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) (TSX: PEY) is pleased to present the results and in-depth analysis of its independent reserve report effective December 31, 2019. The evaluation encompassed 100% of Peyto’s reserves and was conducted by InSite Petroleum Consultants (“InSite”). The year 2019 marks the Company’s 21st year of successful reserves development.  

SUSTAINABILITY

Long Life, Low Decline: Peyto’s base production decline is forecast in the Insite report at 23% for 2020, while it’s PDP Reserve Life Index (“RLI”) increased 8% year over year to 9.4 years.

High Capital

… Continue Reading

CALGARY, Alberta, Feb. 18, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to February 2020 of $0.02 per common share is to be paid on March 13, 2020, for shareholders of record on February 29, 2019.  The ex-dividend date is February 27, 2020.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies.  The website also … Continue Reading

CALGARY, Alberta, Jan. 15, 2020 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto”) (TSX: PEY) declares the following dividends, payable to shareholders of its common shares at the close of business on the record dates indicated.   

Dividend Amount per          Common Share Record Date Ex-Dividend Date Payment Date $0.02 January 31, 2020 January 30, 2020 February 14, 2020 $0.02 February 29, 2020 February 27, 2020 March 13, 2020 (*) $0.02 March 31, 2020 March 30, 2020 April 15, 2020 (*)

 (*) Dividends are at the discretion of the Board of Directors and subject to change.

Dividends paid by Peyto to … Continue Reading

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to December 2019 of $0.02 per common share is to be paid on January 15, 2020, for shareholders of record on December 31, 2019.  The ex-dividend date is December 30, 2019.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Peyto has also finalized its 2020 budget and the Board of Directors has approved the $250-$300 million 2020 capital program as previously described in the third quarter 2019 press release. The … Continue Reading

CALGARY, Alberta, Nov. 15, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to November 2019 of $0.02 per common share is to be paid on December 13, 2019, for shareholders of record on November 30, 2019.  The ex-dividend date is November 28, 2019.

Dividends paid by Peyto to Canadian residents are eligible dividends for Canadian income tax purposes.

Shareholders and interested investors are encouraged to visit the Peyto website at www.peyto.com to learn more about what makes Peyto one of North America’s most exciting energy companies.  The website also … Continue Reading

CALGARY, Alberta , Nov. 06, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the third quarter of the 2019 fiscal year. A 64% Operating Margin(1) and a 6% Profit Margin(2) in the quarter, delivered a 4% return on capital employed (ROCE) and a 9% return on equity (ROE), on a trailing twelve month basis. Additional highlights included:

Condensate and C5+ production up 17%. Condensate and Pentanes production increased from 5,175 bbl/d in Q3 2018 to 6,041 bbl/d in Q3 2019 contributing to total liquid production

… Continue Reading