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).

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Peyto Exploration & Development Corp > As expected

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Comment by alkhoron Nov 17, 2020 2:03pm

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Post# 31915556

RE:RE:RE:RE:RE:RE:RE:RE:As expected

I spent 8 years in Saudi Arabia and 4 years in Qatar.

I doubt any of the Gulf States need to see the writting on the wall. While Europe and North America may slowly wean themselves off oil, the rest of the world where 80% of the people live will want the cheapest form of energy, which is oil. In the case of Natural gas, it will remain the major scource of home heating and power generation for decades to come. There are just no viable alternatives except Nuclear power which has its own opponents. Wind and solar have too many limitations.

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