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 PoundSandon Jun 12, 2018 8:27pm

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Post# 28162834

RE:RE:RE:RE:RE:RE:Good article: Opportunity in Depressed Environment

It only sounds stupid if you are invested in Canadian Gas producers. If your invested in a Canadian refiner or Oil producer, it makes perfect sense. DAWN is flooded with inflow capacity and conversion to oil makes sense for Canada. If Canada truly needs gas, there is plenty onshore potential in the Maritimes.

There will be no repeat of last year's debacle in AECO as I stated earlier this year. The problem with BC/AB production is the remoteness to demand centers, which implies low wellhead prices with HH at these levels.

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