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 > So at last DARREN GEE

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Comment by houbahopon Apr 05, 2021 12:17pm

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Post# 32937432

RE:RE:So at last DARREN GEE

Mr. Market doesn't believe in this scenario.
He got burnt by excess leverage and he is now twice shy.

Look how Natgas producers are surpressing Natgas prices once again with
their excess production. It is almost a certainty they will drive them to a buck in the coming months.

Maybe next Fall we will have more visibility for the future... after another round of bankruptcies?

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