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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 28, 2021 6:39pm
97 Views
Post# 33087918

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trends in atmospheric methane abundance in past 40 years

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Trends in atmospheric methane abundance in past 40 yearsYasch, thanks, I doubt it is even that low.

I have a few thoughts on Solar will advise below.

Has anyone ever thought about methane or other gases from just the normal deterioration of biomass in the forests and bogs up north?  There has to be huge numbers of something from all that even if in lower percentages per acre it still adds up.

Also I have been say as others are, it is great for Canada, US, France, and others to say they will reduce, help or whatever but it is only a small part of the world and if China, Russia, Africa and so on don't do a darn thing it won't amount to a hill of beans.  And that is even if any of the numbers are true.  I still think there is a Paranoia out there that the world will end and they make any excuse possible.

By the way when are Peyto's earnings coming out?  Conference call?  VET did theirs today and the numbers looked very good.  Huge impairment reversal.

Regarding Solar:

There are many problems, some may be fixable, some not.  

I have 35 panels at 385 watts each, you hardly ever get near 385, maybe 330 if cool and pure sunshine.

I use about 35 to 65 kwh of power a day which is around 15,000 to 16500 per year or $200 a month at about 19 cents per kwh.  I only produce 14,500 if lucky per year and I don't use electric heat a whole lot as I have a pellet stove also for cold days during the winter, and then a heat pump for minus 5C up.

Most people can't have this many panels and if you heat your home, my instant hot water system would use triple the energy, so how do you replace that?  You need another source.

Leaves from trees in the summer reduce some production unfortunately.  

Not all houses are facing the sun or on a hill leaning into the sunshine.

I am now replacing the third of my optimizers, one for each panel, and may end replacing every one, whether the new ones are any better is another issue.  So within 5 to 10 years if they continuously fail I may let them fail or replace all optimizers and the inverter at a huge cost.  Would be better to do this when I have to replace the shingles on the roof in 15 years or so.

It is a huge pain having Huawei optimizers, I would not recommend them to anyone.  The company now uses a German type, go figure.  I have to make a claim for each one, write them take pictures of the failure reports, send other reports to them, wait to hear back, send more info, then fill out forms with my personal info, they then send me numerous emails from the express company about the shipment, leave me alone, get it here, put it in and go away.

Also to add insult to injury I switched car insurance companies last year.  Hoping to get a multi-line discount I asked for a quote this year from the same company.  THEY DON'T INSURE HOUSES WITH SOLAR.

So ask yourself what if most insurance companies did this?

Also the company I have the insurance has gone up about 100% in three or so years and I don't get a discount because I don't have the car insurance with them anymore.

At current electricity prices I will get my cost back after 10 years give or take and that is taking into consideration an $8500 rebate from the province, without the rebate forget it it would be 14 to 15  years.

The only upside is if prices increase dramatically over the next ten years my costs won't be too bad and I will save more each year reducing the payback period.

Looking forward to a better Peyto for the remainder of this year.


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