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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 TerribleEngon Jan 19, 2021 12:42am
219 Views
Post# 32323991

RE:RE:RE:it may

RE:RE:RE:it mayWe will need to take a show me the money approach. Line3 sound see a Dakota access type event, or Enbridge could run into trouble with Line 5/michigan. That would net out the effect of L3, as the Michigan governor ripped the L5 easement for political reasons across the Striat of Mackinac. TMX is another one, I am surprised that the started in Alberta and Rural BC instead of doing the Burnaby Tank farm and the tunnel through Burnaby Mountain. They are leaving the most contested part, where construction is near an urban area and easy to protest/obstruct to the very end. I honestly think this was intentional. The fed could say we sunk $10B into this, if we give $1-2B for some cause or some extra regulation, then we saved the tax paper from having a stranded asset...well on in the name of horrible project/risk management. At this point until its filled and flowing, I am not counting it. Northern Gateway was supposed to be in-service 2017, TMX 2019, and L3 in 2018... Things can change in a hurry for "sure things" a few years out.
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