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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 ngtraderngon Feb 09, 2022 7:45am
195 Views
Post# 34411399

Shenty is right

Shenty is rightBut for the wrong reasons. I don't believe that interest rates will do much harm. Perhaps slow down the economy a bit and lower demand. The big issue is that NG production in North America is back to all time highs and growing. There is nothing to stop the overproduction in the short term except for lower prices.

Long term, once the grade A shale locations are exhuated, NG supply and demand will come back to balance but this could take a decade to play out.
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