Peyto Exploration & Development Corp (OTCPK:PEYUF)
$ 11.023 -0.217 (-1.93%) Market Cap: 2.15 Bil Enterprise Value: 3.17 Bil PE Ratio: 9.13 PB Ratio: 1.07 GF Score: 88/100
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Peyto Exploration & Development Corp to Discuss Strategic Acquisition and Concurrent Bought Deal Offering - Pre-recorded Call Transcript

Sep 06, 2023 / 08:45PM GMT
Release Date Price: $9.37 (-0.45%)
Jean;Paul H. Lachance
Peyto Exploration & Development Corp. - CEO, President & Director

Good afternoon, folks. I am J.P. Lachance, President and CEO of Peyto Exploration and Development Corp. Before I start, I'd like to remind everybody that all statements made by me during this call are subject to the same forward-looking disclaimer and advisory set forth in the company's news release issued earlier today.

[Earmark] is a specialty in Peyto's history. We're excited to announce that we've entered into an agreement to acquire a very strategic asset that is highly complementary to our business. Peyto has entered into an agreement to acquire Repsol Canada Energy Partnership, which holds the assets of the Canadian upstream oil and gas business of Repsol Explosion for a cash consideration of USD 468 million, subject to closing adjustments and customary closing conditions, including the receipt of all regulatory approvals.

This acquisition really meets all the criteria that we look for in a deal. We're not buying this asset for the current production, although it

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