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).

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Peyto Exploration & Development Corp

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Comment by houbahopon Aug 21, 2012 8:08pm

162 Views

Post# 20244230

RE: Last Weeks Rig Count and Storage

"I definitely don't understand the mentality of the nat. gas traders, but continued low prices will only delay the inevitable backlash of much higher prices in the future."

Prices must stay a little longer under $3.00 in order to shake out the weak NatGas producers.

Also interesting is the Encana hedge book. High prices contracts are to expire by the end of the year. Next year, they will sell Natgas at a price where they won't make any profits.

Let's wait and see what it means for Peyto's operations.

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