Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 GoldStandard41on Apr 29, 2021 9:21am
101 Views
Post# 33089833

RE:RE:RE: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:RE:RE:RE:Trends in atmospheric methane abundance in past 40 yearsWe're talking about Methane emissions here and I've quoted you the numbers. The point is that in today's world average, NG is as bad as coal for GHG (thank you Saudis). Canada is ahead of the pack but still were leaking a *** tonne. When all is said and done NG is still dead in the water. That's because even in the most ideal blue sky scenario with zero leaks NG still doesn't fit in the carbon budget.
www.vox.com/platform/amp/energy-and-environment/2019/5/30/18643819/climate-change-natural-gas-middle-ground
So all the gas that's currently been found developed reserves, we can't get it out the ground and used without scrapping Paris accord and without busting 1.5 degrees warming. And if we use the developed reserves we are busting the 2.0 degree budget.
So there is simply no room for new development. Ng is not a bridge fuel it must be phased out immediately. Adding leaks into the mix is just the final nail in the coffin for NG. we can't build new NG plants because that locks in capital and ensures we will want to use more than the 2 degree budget. Or someone will be left with a useless asset.
What does this mean for you as a Peyto shareholder? It's a toxic asset. Kind of like inmate in death row just going day to day. I'm holding this bag because I got screwed with the 90% drops. I'm looking to get out on a temporary bounce with as little loss as possible, then never touch FF with a 10 foot pole ever again.
Seppelt wrote:

I was so alarmed by GoldStandard and felt so bad as a user of natural gas that I was about to scrap my furnace and hot water tank and call Enbridge to get rid of all gas pipes near the house. Lol.
But reading this article about LNG I quickly changed my mind.  https://www.canadianenergycentre.ca/new-us-lng-project-required-to-use-natural-gas-from-canada-to-lower-ghgs/

I am so proud of Canada and will stick to natural gas eventhough not sure if gas in Ontario comes from Alberta or Appalachia via recently built Nexus or Rover pipelines.

Note:
A life-cycle analysis of the project conducted in 2018 – including “upstream” GHG emissions from natural gas production – found Canada to have a lower footprint than the US. GHG emissions from natural gas production in the United States “may be as much as five times higher than those for Canada,” the report said.

The difference could be even greater, the PSCAA said, citing research that found fugitive methane emissions from natural gas production in the US could be 60 per cent higher than published figures. This could lead to upstream emissions that are eight times higher than natural gas produced in Canada, the regulator said.


 



<< Previous
Bullboard Posts
Next >>