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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 Oldnaggeron Mar 05, 2021 5:37pm
200 Views
Post# 32734307

RE:RE:RE:RE:i dont

RE:RE:RE:RE:i dontJust a small question, I believe  there still may be many places around the world places where nat gas competes either directly or indirectly against petroleum products All the way up from C3 through heavy fuel oils and bitumen crudes.
Does any one have a handle on the extent relative to nat gas consumption figures ? My uneducated quess is that nat gas pricing willl close in on crude products pricing over time  but in the short term I have no idea and even worse the opposing seasonality compounds the picture.
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