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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 10, 2021 8:53am
149 Views
Post# 32761128

RE:Motely Fools PEY & BIR report

RE:Motely Fools PEY & BIR reportBoth parts of my moniker are true. I thought it was appropriate wnen I was heavily invested in Painted Pony. That experience hit me in the wrong spot , not only because I thought the rake-over offer was atrocious but because it was accepted by a large portion of the minority shareholders .
What I wanted was nat gas without too much condensate . I have since relented on that score , but it will still be a long time before I relent on stressing the huge values that remain in these junior Canadian producers !!
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