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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Post by PoundSandon Mar 23, 2018 10:42am

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Post# 27769574

Cenovus cuts output

No impact on gas consumption(yet) since they can't reduce steaming in order to maintain the reservior but, definitely a sign that the takeaway bottlenecks aren't being resolved. The head of oil trading just departed, obviously he couldn't keep the oil moving south. By maintaining steaming, they can turn on this supply at will when they get their railcars moving.

While Justin fiddles and looks for spiritual solutions, Canada's biggest foreign exchange source flounders.

https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/cenovus-forecasts-jump-in-first-quarter-oil-sands-production/article38318837/

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