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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

Comment by Register123on Jan 14, 2018 3:06pm
140 Views
Post# 27353998

RE:RE:Gee: "We’re taking action now......"

RE:RE:Gee: "We’re taking action now......"

pablo87 wrote: DG's AECO comment is a shot across TRP's bow (albeit a small shot) and a bit of a bluff IMO.



Gee has guts....I recall reading an article this past summer / fall when TRP changed policies to provide preferential treatment to those E&P companies that had firm take or pay contracts with TRP, Gee was the only Canadian Natural Gas CEO I know of to speak out using his name on the record to criticize TRP for the short notice given re. the policy change.....I believe one or two other natural gas executives were also quoted in the article, but did not want their names revealed (I assume because they feared retribution from TRP.....)....
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