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 > president report

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Comment by Seppelton Dec 04, 2020 7:53am

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Post# 32035435

RE:RE:president report

Cascade is a bright spot, not only for Peyto but also for its peers especially if more similar projects follow. I am a big fan of CCGTs and their high efficiency and relatively low cost achieved by improved technology and strong competition between GE, Siemens and Mitsubishi.
The CEO is mentioning the ability to follow the load but this flexibility is often abused in jurisdictions where the growth of renewables is given a priority. Not using a CCGT at optimum capacity cannibalizes its efficiency and frequent starts and restarts is releasing more CO2.

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