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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by Canoutchieon Oct 01, 2019 11:19pm
174 Views
Post# 30185257

RE:Genscape: AECO gas inventories at "dangerously low levels"

RE:Genscape: AECO gas inventories at "dangerously low levels"Estevan, I saw that same report. I'm curious what you think of today's price action? I would've thought that natural gas stocks might move up on 3 things, lower inventories (as reported in your link), a deal announced by an Alberta cabinet minister, with the apparent blessing of several natural gas firms, to normalize huge fluctuations in seasonal natural gas pricing (reduces risk of selling gas for next to nothing), plus seasonally, natural gas should be a bit stronger going into fall and winter, especially if an early winter comes about, which looks like it might be the case. Based on these 3 factors, I was ready to step into a few gas names today, but was trigger shy on today's large selloffs. Any insights would be appreciated. Thanks.
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