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

Bullboard Posts

Comment by houbahopon Feb 07, 2014 7:24am

161 Views

Post# 22182801

RE:How low will NG Storage go in the East this year ?

I agree with you EIJ.

Inventories will end up at very low level at the end of cold season and looking at the
NatGas future strip, there is not much incentive for producers to drill more when
prices hover around 4$.

With the rapidly declining horizontal wells, there is a potential for a short squeeze before
the beginning of shoulder season.

On another topic, anyone surprised how the 34$ stock offer went through? Who would have bought when the market offered plenty of shares under 32$?

Bullboard Posts

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