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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Energy Oil & Gas E&P
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

Peyto Exploration & Development Corp > Effects of EVs on energy situation
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Comment by Sskcdn89on May 01, 2021 3:04pm
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Post# 33108846

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Effects of EVs on energy situation

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Effects of EVs on energy situationI've been following this thread and thanks for the discussion. I came across this article and this Carbon tracker org. seems to indicate that the transition to renewables is happening quicker than anticipated than what's been mentioned here by Yasch and others: https://carbontracker.org/reports/the-skys-the-limit-solar-wind/

Their timeline is 2035 for phasing out fossil fuels, they indicate that the cost to produce renewables is decreasing, in particular solar.
At first, I thought the organization may to pushing their environmentalist agenda, however, Carbon tracker is quoted on BNN Bloomberg:https://www.bnnbloomberg.ca/video/canada-s-solar-wind-potential-is-nearly-45-times-the-energy-demand-carbon-tracker-s-bond~2187595
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