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Bullboard - Stock Discussion Forum 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... see more

TSX:PEY - Post Discussion

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Post by shenty46 on Dec 21, 2021 4:14pm

It’s really

It's really sad to see Canadian gas companies not being able to participate in the rally in Europe and Asia due to lack of the infrastructure like LNG facilities here, we are in top 3 in resources, yet our politicians policies have failed  to create the necessary infrastructure in timely manner. Europe prices are almost 50 dollars now, comparing to less than 4 here, Jyst assume if the ng prices trades at just 10 dollars here for few years, where would be Peyto trading at, but those days are coming fast, I expect with in next 2 years at the most.
Comment by Boulter on Dec 21, 2021 4:52pm
Indeed.  Something like 20 LNG proposals have died on the vine in Canada over the last few decades.  I think we have one running, or soon running LOL.
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