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 > PEY vs BIR

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Comment by Seppelton Dec 04, 2020 9:41am

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Post# 32036006

RE:RE:RE:RE:RE:RE:RE:PEY vs BIR

The CEO was a harsh critic of the old ngtl system and frequent restrictions to access storage during summer maintenance by TransCanada. He lobbied for a change, stayed with AECO and it is now paying off. But you can’t blame others for diversifying their markets. Many are slowly transitioning to AECO and things may also change. Not sure what it will take, maybe a cold blast in the Midwest and Ontario.

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