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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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.


TSX:PEY - Post by User

Post by Oldnaggeron Jul 26, 2022 11:04pm
184 Views
Post# 34852814

LNG too little too late

LNG too little too lateWith Russia now being a completely unreliable nat gas supplier, the world will need to return to coal production out of necessity. The time to convert is very short compared to the very long lead times for LNG plants , nuclear , hydrogen and even wind power although minor contributions from solar could be installed (just in time for winter when days are shorter ) In case no one has noticed forget about dams )
Only coal offers a possible short term (next few years) solution. Most petroleum projects other than shale require very long lead times.

Forget efforts to lower GHG s. The unco-ordinated and ridiculous lack of planning has now helped lead the world into an untenable position

Intelligent people when they find they are in a blind alley, try to back out as gracefully as possible !!

Completely crazy people try to get rid of their only remaining hope which is petroleum products and particularly nat gas .



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