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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 sportstermathewon Apr 11, 2021 11:20am
125 Views
Post# 32974174

RE:RE:Dareen gee

RE:RE:Dareen geeI agree totally.

Work from strength.

You dictate what you want to do and how you want to do it.

A  five dollar increase in price of the stock is much better than a few pennies 
in dividends that most have to pay taxes on too.

Hopefully SA has learned a lesson on economics and supply and demand and will keep prices of oil in the $60 to $70 range.  Whether Russia will comply is another matter.

I say oil in general for energy use and switching of fuels depending upon prices.

Has anyone read anything on the extra electricity usage required by 150,000 extra Tesla's every quarter?  at some point this is going to start to have an impact on the grid.


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