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 Feb 10, 2018 7:38am

67 Views

Post# 27537964

RE:RE:RE:RE:RE:RE:RE:RE:TRP - Empress to Dawn Capacity

This is exactly my understanding of the situation.

For years, TCPL kept the Mainline to Dawn running less tan capacity, somtimes less than half and they were charging over $1.75/Gj to transport gas from Empress to Dawn.

I understand the strategy to maximize profits when the situation allows it. But when you run a monopoly, you have a responsibility to run your business smoothly toward the clients you are serving NOT squeezing them by the balls to make them spit their last $$$. If they can't discipline themselves, NEB should help them understand the concept.

Otherwise, Alberta might as well close their NatGas shop and Ontario could buy 100% of their supply from Pennsylvania. When Henry Hub trade under $2/mcf and oil under $50, how much gas from the WSCB will transit to the South?

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