Peyto Ride Along (Part 1)

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About: Peyto Exploration & Development Corp. (PEYUF), Includes: PEY
by: Donovan Schafer
This article is exclusive for subscribers.
Donovan Schafer
Research analyst, oil & gas, energy, long/short equity
Summary

Launching into our Peyto "ride along" analysis, we build context and get a feel for Peyto's resource potential.

Like BXE, Peyto's resources are NOT shale resources, which will influence our analysis in later parts.

We show how the stated number of "unbooked" locations can be trimmed down substantially based on inferences from other factors.

For investors who follow Cardium and Spirit River E&P players, Peyto Exploration and Development Corp. (OTCPK:PEYUF) is often held as the ideal against which other Cardium/Spirit River players are measured. Indeed, Peyto has