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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 Northforce13on Feb 25, 2020 7:22pm
86 Views
Post# 30733296

RE:$10 Aeco within a year?

RE:$10 Aeco within a year? Dude, come back to planet earth

HH gas isn't going to top 2.50 or we get swamped with massive production coming on line.  Even at 2.25 these guys will "drill baby drill"

Plus their operating costs keep going down every year.  Right now the roof is 2.50, next year it might be 2.25, the year after, what, 2.00?  Just look at the charts on costs of these nat gas companies, it drops every year and looks like it is going to keep dropping.

Take a red pill and wake up already, you are delusional


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