Peyto Exploration & Development Corp PEYUF

Primary Symbol: T.PEY

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.

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Peyto Exploration & Development Corp > NG NEWS

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Comment by malx1on Apr 27, 2024 1:25pm

87 Views

Post# 36011053

RE:RE:NG NEWS

stockmarket1 wrote: Eric Nuttall, as well, has a similar Nat Gas price estimate of $4 for 2025.
If that price does come to fruition. PEYTO should easily hit $20 a share, I would think.

wreckhouse wrote:

Electricity demand to power the data centers is soaring and so is demand for grid connections.

As electricity demand from data centers is set to jump to as much as 42 GW by 2030, from 11 GW now, the U.S. would need an additional 8.5 billion cubic feet per day of natural gas.

Natural gas demand for power generation is set to jump in the second half of this decade, and U.S. benchmark natural gas prices could average as much as $4 per million British thermal units.

$4 dollars is better than todays price . BCRNW