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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 Sep 26, 2023 5:46pm
101 Views
Post# 35655741

RE:RE:RE:RE:RE:RE:RE:RE:First thought of the day

RE:RE:RE:RE:RE:RE:RE:RE:First thought of the day "DRILL BABY DRILL"  Yes and both you and Houbahop have pointed out the drawbacks of the overproduction that we have seen in the past curtailing prices mush as they would do again with oil were it not for OPEC+ limiting it as shown here:

"OPEC+ Cuts Offset By Booming U.S. Oil Production"

https://oilprice.com/Energy/Crude-Oil/OPEC-Cuts-Offset-By-Booming-US-Oil-Production.html

I am not sure why anyone thinks more is better but there has to be a happy medium with regards to supply and pricing and demand that natural gas producers and consumers alike can live with.  I think for oil they have hit that price at $90 WTI.  Hopefully it hovers around that level for a while and NG pricing finds its happy place too, wherever that is.

GLTY and all

 
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