Peyto Exploration & Development Corp.

Peyto Exploration & Development Corp.

Peyto Exploration & Development Corp.

Overview
Date Founded

1998

Headquarters

600–3rd Avenue SW,Suite 300,Calgary, AB T2P 0G5

Type of Company

Public

Employees (Worldwide)

50

Industries

Oil & Gas

Company Description

Peyto Exploration & Development Corp. operates as an energy company. It engages in the acquisition, exploration, development, and production of oil and natural gas. Its portfolio includes exploration, exploitation and development opportunities located in the Deep Basin of Alberta. The company was founded by Richard F. Braund and Donald T. Gray on October 23, 1998 and is headquartered in Calgary, Canada.

Website
Executives & Employees

Director, President & Chief Executive Officer

Director, Vice President, Finance & Chief Financial Officer

Executive Vice President, New Ventures

Executive Vice President of Engineering & Chief Operating Officer

Vice President of Drilling & Completions

Vice President of Production

Vice President, Land

Vice President, Exploration

Corporate Secretary

Head-Investor Relations

Board of Directors

Former President & Chief Executive Officer at Peyto Energy Trust

Director, President & Chief Executive Officer at Peyto Exploration & Development Corp.

Director, Vice President, Finance & Chief Financial Officer at Peyto Exploration & Development Corp.

Founder at Sierra Energy, Inc.

Senior Managing Director at TriWest Capital Management Corp.

Secretary at Peyto Energy Administration Corp.

Managing Partner at Oil & Gas Evaluations & Consulting LLC

Executive Vice President, New Ventures at Peyto Exploration & Development Corp.

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Owners & Shareholders
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Burgundy Asset Management employs a value-focused global investment approach that seeks to preserve clients' capital while providing long-term superior investment returns. The firm offers investment strategies across many major asset classes, including but not limited to US large- and small/mid-cap, international, emerging markets and global equities. Burgundy employs a bottom-up investment approach, which focuses on strong business fundamentals and outstanding management teams and aims to reduce the inherent risk in investing. Their approach is designed to achieve lower volatility than the market averages. Burgundy looks for a margin of safety in the business and in the balance sheet of companies and generally requires a minimum 30% discount to intrinsic value at the time of purchase.

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SailingStone Capital Partners invests client assets primarily in accordance with their Natural Resources Strategy and/or their Natural Gas Strategy. The Natural Resources Strategy invests primarily in equity securities of issuers that the firm considers to be engaged principally in natural resources industries anywhere in the world. These portfolios typically hold a limited number of securities. SailingStone seeks to purchase securities in companies with these characteristics when SailingStone believes the price reflects a limited possibility of permanent capital impairment. SailingStone's Natural Gas Strategy invests in equity securities of companies that produce natural gas in North America or engage in natural gas-related businesses that may benefit from an improvement in long-term natural gas fundamentals. The strategy is concentrated around companies that the firm believes possess a combination of the three attributes required to generate excess returns in a commoditized industry: producing assets which sit at the bottom of a steeply sloped supply cost curve, highly capable management teams with a strong track record of prudent capital allocation and value creation, and a deep inventory of advantaged assets into which capital can be deployed at high rates of return.

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Neuberger Berman Breton Hill Capital utilizes (NBBH) a variety of methods and strategies to make investment decisions and recommendations. These methods include deploying proprietary systems and internal research to screen the market for opportunities, as well as using quantitative tools and momentum analysis to further select and actively manage attractive opportunities. The firm's capabilities focus on Alternative Risk Premia (ARP), Disciplined Equity Investments, and Quantitative Macro trading strategies. NBBH is a pioneer in the ARP space, providing access to risk premia across styles and asset classes in both commingled vehicles and customized formats. The firm offers a range of diversified factor-based solutions to individual and institutional investors, including long-only, long/short and tax-managed programs. In addition, NBBH's quantitative macro trading strategies have been employed by some of the world’s largest institutional investors.

Recent Transactions
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Peyto Exploration & Development Corp. issued Common Stock

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Peyto Exploration & Development Corp. issued Common Stock

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Peyto Exploration & Development Corp. issued Common Stock

Transaction Advisors
Underwriter

Advised onPeyto Exploration & Development Corp. issued Common Stock

Legal Advisor

Advised onPeyto Exploration & Development Corp. issued Common Stock

Manager

Advised onPeyto Exploration & Development Corp. issued Common Stock

Key Stats and Financials As of 2017
Market Capitalization
$1.73B
Total Enterprise Value
$3.62B
Earnings Per Share
$1.07
Revenue
$669M
Net Profit
$177M
EBITDA
$549M
EBITDAMargin
82.05%
Total Debt
$1.28B
Total Equity
$1.72B
Enterprise Value Sales
5.42x
Enterprise Value EBITDAOperating
6.6x
TEVNet Income
20.51x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
-7.64%
Five Year Compounded Annual Growth Rate Of Revenue
15.39%
Suppliers
TETRA Technologies, Inc. Industrial Machinery & Manufacturing | The Woodlands, TX

TETRA Technologies, Inc. is a geographically diversified oil and gas services company, engages in the completion of fluids and associated products and services. It operates through the following segments: Fluids, Production Testing, Compression, and Offshore. The Fluids division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry. The Production Testing division provides frac flowback, production well testing, offshore rig cooling, and other associated services. The Compression division offers compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. The Offshore segment is comprised of two operating segments: Offshore Services and Maritech. The Offshore Services segment provides down hole and subsea services, decommissioning and construction services, and conventional and saturation diving services. The Maritech segment refers to the limited oil and gas production operation. The company was founded on February 6, 1981 and is headquartered in The Woodlands, TX.

Competitors
Tourmaline Oil Corp. Oil & Gas - Calgary, AB

Tourmaline Oil Corp. is a Canadian intermediate crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline commenced active operations in the fall of 2008 with the objective of building a successful Canadian intermediate crude oil and natural gas exploration, development and production company with a long-term business strategy similar to that of Duvernay Oil Corp. and Berkley Petroleum Corp., companies previously founded and managed by certain key members of Tourmaline’s senior management team. During the two-year period since commencing active operations, Tourmaline, through a series of strategic acquisitions, farm-ins and land acquisitions combined with its active capital exploration and development program, has assembled an extensive undeveloped land position with a large, multi-year drilling inventory and operating control of important natural gas processing and transportation infrastructure in two core long-term growth areas – the Alberta Deep Basin and the Greater Peace River High. Tourmaline is executing a large-scale, repeatable capital exploration and development program in these two core long-term growth areas. Tourmaline’s long-term business strategy is to increase shareholder value by building an extensive asset base over two to three core exploration and production areas and exploiting and developing these areas to increase reserves, production and cash flows at an attractive return on invested capital. The Company seeks to execute this strategy by: aggressively drilling and developing its extensive undeveloped land position; adopting and employing advanced drilling and completion techniques; enhancing returns by focusing on operational and cost efficiencies; pursuing strategic acquisitions with significant potential synergies; and wildcat exploration drilling for new pool discoveries. Management believes Tourmaline has a number of competitive advantages that management expects will help the Company successfully execute its long-term business strategy including: an extensive undeveloped land position in two long-term growth areas; a large, multi-year drilling inventory; an incentivized management team with demonstrated operating and acquisition skills; majority operating control of the Company’s core assets; a strong balance sheet; and a focus on operational efficiencies and cost containment.

Paramount Resources Oil & Gas - Calgary, AB

Paramount Resources Ltd. engages in the exploration, development, production, processing, transportation, and marketing of natural gas, crude oil, and natural gas liquids. It operates through the following segments: Principal Properties, Strategic Investments, and Corporate. The Principal Properties segment focuses on the development of liquids-rich resource plays targeting the Montney and Duvernay formations in the Alberta Deep Basin. The Strategic Investments segment includes the investments in other entities and investments in exploration and development stage assets. The Corporate segment is comprised of income and expense items, including general and administrative expense, share-based compensation expense and interest expense. The company was founded by Clayton H. Riddell on February 14, 1978 and is headquartered in Calgary, Canada.

EnCana Corp. Oil & Gas - Calgary, AB

Encana Corp. engages in the production of natural gas, oil, and natural gas liquids. It operates through the following segments: Canadian Operations, USA Operations and Market Optimization. The Canadian Operations segment includes the exploration for, development of, and production of natural gas, oil and natural gas liquids and other related activities within Canada. The USA Operations segment involves in the exploration, development, and production of natural gas, oil, and natural gas liquids and other related activities within the U.S. The Market Optimization segment is responsible for the sale of the company's proprietary production to third party customers and the associated netback price. Encana was founded on April 5, 2002 and is headquartered in Calgary, Canada.