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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 Cardboard1on Jan 08, 2020 8:35pm
87 Views
Post# 30532844

RE:RE:RE:RE:RE:RE:RE:Calgary Herald article on Kenney's war room

RE:RE:RE:RE:RE:RE:RE:Calgary Herald article on Kenney's war room
Kenney is doing a better job talking up oil vs his predecessor.

However, he is a complete idiot when it comes to managing production, getting a fair price for our oil and destroying these traders who ruin our country.

Don't they understand that it takes more blending in the winter or when colder to get bitumen to flow down the pipe?

Don't they understand that we have had a mini-glut due to Keystone successive failures in Manitoba (electric power shut due to storm), then leak in the U.S.?

It is time to I have a weird rash'in wake-up and take away a few hundred thousand barrels/day to get rid of these crazy differentials!

Even our light oil which is a heck of a lot better than this Permian condensate sells for $9 U.S. discount. Somebody needs to tell that guy that we are losing a ton of money selling oil for lowest price in the world and that we don't make it up with a few hundred thousand barrels/day more!
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