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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 TerribleEngon Dec 01, 2021 1:32pm
114 Views
Post# 34185935

RE:RE:RE:Brutal day

RE:RE:RE:Brutal dayLNG will never be the marginal price setter in Canada though as we export to the US. NYMEX will set the rates. 

It's the reason that European and Asian gas are $30/mmbtu but domestic price markers are $4-5. It's basically baseload exports and the price benefit goes to the importer. The importer pays NYMEX + Liquidification fees (spread), they take all the risk and get all the benefit. 

Anyone who has firm LNG contracts for import is making hay right now. The LNG project itself is a toll getter. The only way this might differ is if the LNG terminal is owned by producers and they do not sign long term deals (only spot and take all the price risk).
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