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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 Apr 14, 2021 4:35pm
118 Views
Post# 32994814

RE:The MAD MAD WORLD Of Ontario Electricity POLITICS !!!???!!!

RE:The MAD MAD WORLD Of Ontario Electricity POLITICS !!!???!!!The Ontario Energy Association publicly stated today that they support the retention of natural gas fired generation well past 2030. That is good news as it gives the Natural Gas Industry support that will be very valuable in defending its role in providing stability to a growing power industry.
With increasing carbon taxes and /or the elimination of coal, Nat gas will prove itself to be a very valuable commodity.
As seen with the situation in Texas, it is not what certain people say that matters, It is what works that matters!!
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