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

Bullboard Posts

Comment by houbahopon Apr 03, 2020 2:34pm

103 Views

Post# 30876879

RE:RE:Tailwinds for Peyto

Yep! Market is starting to price a certain premium to next winter months.

Also the whole 2021 strip has shown quite some strenght in these difficult times for most energy sources.

Baker Hughes rig count show -71 to 571 for oil rigs in NA,

and -6 to 132.for gas rigs. This number was at 240 last year.

This is a stack of dynamite building up.

Bullboard Posts

These cold weather stocks are looking to heat up for winter