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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
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Comment by PoundSandon Jun 13, 2018 11:29am
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Post# 28165689

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

RE:RE:RE:RE:RE:RE:RE:RE:Good article: Opportunity in Depressed EnvironmentFirst of all, Canada produces lighter grades/synthetic oil in significant quanties. Secondly, a significant quantity of heavy oil would be utilized if it was available. Irving Oil in NB would use heavy grades if they were available. Oil is Canada's mainstay energy revenue producer and sending gas to DAWN and other TCP system eastern destinations isn't going to give the producer a decent return over time. The nearest markets are the best along with BC LNG exports.

Development of heavy oil in Canada is the best thing for WCSB producers because it supports nearby pricing and gives good returns. Opening new markets for heavy oil is going to help gas producers with profitability, which is more important longterm than dumping gas at DAWN.
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Dealroom for high-potential pre-IPO opportunities