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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 BSdetector2016on Apr 22, 2021 9:43am
121 Views
Post# 33043818

RE:Chasing Rainbows

RE:Chasing RainbowsAnybody with a brain knows that NG should and must replace coal-fired power generation short term. That would make for an immediate near 50% drop in GHG emissions from power generation. What the politicians are trying to do is skip several steps in the process of conversion, and are trampling on the one solution that is both cost effective and logical. The trouble is most politicians know absolutely nothing about running a business, like our Prime Idiot and his followers.

Oldnagger wrote: The volume level on global warming hyperbole keeps getting pumped up. The latest fad is CCS. This may have some minor effect but it will be slow and costly to implement. Even worse for hydrogen production and distribution. There is no getting around the fact that nat gas and/or coal is the glue that holds power grids together. Distributed and variable feeds only work at the margin.
Which brings me to my point. LNG replacing international coal use  is the only real and economic solution available for a minor consumer of global energy like Canada. With LNG exports Canada can more  reliably attain their commitments to the Paris Agreement
So please tell me how we can get our leaders out of their fantasy land and back into reality !!


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