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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 wreckhouseon Oct 16, 2022 12:05pm
329 Views
Post# 35027708

375 MILLION

375 MILLION How things change and quick . The Nat Gas landscape went from nobody wanting it to a very important expensive fuel .When Suncor took over Petro-Canada they received the old Gulf  Hanlan-Robb Gas plant which is also south of the Cascade power plant ( 35km or so ) . So what do Suncor do in Aug 2010 is sell their NG assets for 375ml . So Sept 2022 they sell all their Solar and Wind progects to get into HYDROGEN !  Also they are installing  Cogeneration units at base plant using NG replacing the coke fired boilers . So where is all the NG coming from and at what cost ? Peyto having very good assets could move north of 20.  It had rating's of 24- 28 dollars this past summer . So lets hope it get's noticed soon , It would be great to have more contracts like the Cascade deal ! Maybe some company needs our NG to make their HYDROGEN ! Have a great week trading ENERGY . RNBCW
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