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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 Quintessential1on Oct 14, 2022 3:04pm
93 Views
Post# 35025477

RE:RE:RE:RE:RE:RE:RE:RE:old saying !

RE:RE:RE:RE:RE:RE:RE:RE:old saying !I am not a fan of nuclear either but I would not snap my fingers and shut it down either.  The Germans were kneejerk reacting to the the Fukushima accident and the environmental and financial repercussions of such an accident.  Unfortunatelythey are paying for their lack of fortitude and foresight. 

It looks like Ontario is going to embrace nuclear further (not my first choice).

I would much rather that Ontario spend their money opening up their north to the indegenous populations there by first building electrical infrastructure to Quebec's James bay power project and then buidling their own wind turbines in a spot that is considered mostly uninhabited and unused even though I do realize small pockets of indigenous communities make their homes near there.  Roads could be added later opening up the true north of Ontario to poor indigenous communities that desperately need it while also providing them with low cost power that they also desperately need as well as well paying jobs maintaining the infrastructure.  

I am not sure how long Ontario can leave their northern region unexploited and undeveloped.  

Perhaps there are even gas extraction opportunities in the myriad bogs and wetlands that cover that region.

In the meantime I believe Peyto is part of the solution and not the problem.  I hope this continues with the new CEO and wish DG a happy and safe semi-retirement.  He has worked as hard as any of us and deserves it.

GLTA






Yasch22 wrote: Sidenote: I was curious about the difference between health costs from coal in Ontario ($3 to $4b) and Alberta ("only" $300m).

Possible reasons:
1. (from TerribleEng): Unlike Ontario, Alberta was using brand new plants with the latest particulate filters.

2. Population density + proximity? Ontario 15m people vs Alberta 4.5m.
In Ontario, prevailing winds from Nanticoke and Lambton were towards the big population centres in S.Ontario. Another big plant was in Lakeview, in Mississauga, smack dab in the GTA.

Municipalities in the Greater Toronto Area


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