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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

Comment by truestar2on Jan 01, 2018 9:34pm
127 Views
Post# 27258586

RE:RE:RE:Weekly natgas storage report: Draw of 112 bcf

RE:RE:RE:Weekly natgas storage report: Draw of 112 bcfYasch22 it wouldn't matter winter or summer so long as there is wind there will be wind generation.  It just seems to be a trend this winter that it is less windy than normal.  Winter 2014 with the Polar Vortex was very windy.  The advantage to that is the wind chill which creates more demand, but without wind, the next choice after Nuclear and Hydro in Ontario and much of the northeast is Gas.  It will be interesting to see the impact it has as I watch the IESO.ca closely as I'm in the business in Ontario.  If this translates to more gas usage for electric generation in the U.S. also the draws could be larger than expected.  Right now the estimates range from 218 - 260, so a wide range of draws.  Also similar to the 2014 Polar Vortex the 10-14 day weather forecasts continue to trend cooler which bodes well for an extended winter although no one seems to get this right.  The one thing that is notable is that over the past winters and summers the trend stays the same, meaning if it is cold it stays cold and if it is warm it stays warm.  One way or the other gas is up in pre market and will likely be up tmrw and this company pays a great dividend, always makes money and looks severely undervalued
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