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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 houbahopon Jan 14, 2018 4:04pm
132 Views
Post# 27354229

RE:Gee vs. TRP

RE:Gee vs. TRP
From this article:

https://www.jwnenergy.com/article/2017/9/western-canada-gas-jeopardy-without-new-transcanada-toll-capp/

TCP have been squeezing Alberta gas producers for years with a high cost of transportation
from Empress, Alberta to Dawn, Ontario (1.86/GJ). At some point it was running much less than its capacity because producers had too use less onerous means to stay in business.

The new deal is now at $0.77/GJ. "...23 producers who have committed to ship 1.5 PJ/day (about 1,423mn Btu/day) for a maximum of 10 years from Empress, in eastern Alberta, to the Dawn hub in southern Ontario." The capacity of the pipeline is over 3,5PJ/day

Basically, TCP has a monopoly and they are well known for their predatory behavior.
They can be very nasty.

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