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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 May 03, 2021 5:43pm
96 Views
Post# 33119969

RE:Production numbers & president's report

RE:Production numbers & president's reportYes I sell excess used back to the Grid, NS Power at the same prices we pay.

So if say in a month I use 1000 kwh during period of production, excess on that 1000 kwh is sent to the grid, calculated daily it deletes what else I use while not producing, I get a credit and it shows my meter going backwards.  Anything above goes to the bank, say I produce 70kwh in a day but only use 30kwh, then I get a credit of 40kwh.

If say in May, June, July and August I use less than the above, when producing, added in used when not producing, and still have an excess it is added to my bank to be taken off when I start using more in say November.  So say I build up 2500kwh credit, but use 2000 kwh in Nov, then it goes to Dec for which I will definitely only produce say 300 to 400 kwh, use up my credit and then start charging me after that.

Solar panel houses here are popping up like daisies.

New solar panels are larger wattage but in reality only larger in size.  Fewer panels means less work, fewer optimizers etc. but same production.

On another note, a while back I mentioned I put some PEY funds into VET for diversification outside AB, and oil.  It was up about 35% or so compared to PEY I think.  Last couple months moved some VET into GXE for about 20,000 shares, 9000 on Thursday.  It was up 30% approx today.

Not sure if I expect it to stay there or go further, earnings on Wednesday.  GXE is Don Gray's other baby as he is the Chairman.

Not often I get to comment on a gain (paper even), but just happy to some degree and a long long long way to get back to where I was years ago.

Easy to make some gains in a bull market if your invested at all that is.
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