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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp

Bullboard Posts

Post by nicholason Mar 22, 2018 4:18pm

113 Views

Post# 27764517

Is this the sound of Chinese money I hear?

Bloody red day for the markets, yet almost all my NG investment end up in the green.

TOU, ARX, PEY, AAV - Green
PONY - Neutral
BIR, VII - Red (but much higher than last week)

In my opinion, the Trump Trade Wars might have improved the chance of Canadian LNG projects. After all, why would the Chinese, who need a lot of LNG, give priority to a country that is trying to economically screw them?

Now, I'm really hoping for positive news from LNG Canada, it would really be a great boost to NG producers of the country.

Bullboard Posts

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