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 Jumpy88on Nov 03, 2017 10:41am

55 Views

Post# 26900297

RE:RE:RE:RE:the natural merger partner

Nice discussion, lots of valid scenarios and thoughts. The only company at this time that would entertain a Peyto takeover is Tourmaline. Just remember you heard it from Jumpy88 first. I am not saying its in the cards per ce but you can bet your last dollar there is fear of this in the Peyto boardroom. It is a very real scenario and I bet their current SP has caused Peyto execs a few sleepless nights.

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