Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

TSX:PEY - Post by User

Peyto Exploration & Development Corp

Bullboard Posts

Comment by houbahopon Mar 31, 2012 7:00am

234 Views

Post# 19742712

RE: Market clearing

Looking at the gas storage report (see link), I don't see any gas inventory clearing anytime soon.

https://ir.eia.gov/ngs/ngs.html

IMO, prices will start to move up when an announcement will be made on production cuts from the big producers or a new energy policy using NatGas.

I don't know what Obama is waiting to facilitate the use of NatGas by the 8 million truckers on the US highways. It could take less than 8 years to replace 80% of the conventional trucks by new NatGas engines. This would greatly reduce US dependancy on oil imports and would have an enormous impact on costs of transportation. Technology/safety issues on the way? Or is it somebody, somewhere is sleeping on the switch?

Bullboard Posts

Three micro-cap value stocks trading at peak pessimism