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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by ElJon May 10, 2012 1:05pm
253 Views
Post# 19895081

U.S. Storage numbers

U.S. Storage numbers

Today,s released NGas storage numbers are interesting.......given the rig count that Gasex has being kindly pointing-out to us.

As we all know only too well today's published numbers of 2606 compares unfavourably to last year's 1807 at this time, but the recent trend( 5 weeks ending May 4, 2012) has been :

This year....Week ending  4 May 2012...+ 30 compared to +70 last year

This year....Week ending 27 Apr 2012...+ 28 compared to +72 last year

This year....Week ending 20 Apr 2012...+ 47 compared to +31 last year

This year....Week ending 13 Apr 2012...+ 14R compared to +47 last year

This year....Week ending 06 Apr 2012...+  8 compared to +28 last year

Combined with BB colleagues' observations on Q1, 2012  Peyto report, now could prove a useful opportunity to add  Peyto shares paying 4% distribution to shareholders,

Peace,

Good Decision-making to All,

ElJ 

 

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