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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 07, 2021 9:29am
171 Views
Post# 33151125

RE:RE:RE:Basis Deals - TOU vs PEY

RE:RE:RE:Basis Deals - TOU vs PEYI don't think they are that bad, are they not mostly expiring in next five months?

On top of all of this all new production coming on stream is well known as a huge advantage going forward.

Most companies would just hide all of this and you would never know as the numbers would be lumped into one or two total numbers and that is all you would see.

On a similar note I would like to know more about the new Generation plant, no one has really posted anything about it?  What prices will Peyto be getting for that venture?  Locked in?  Fixed?  Flexible with a discount due to savings from transportation based on market prices???

I will send a note to Gee to see if he comments on it some more.

People forget many companies were folding back 18 months or so and it was just a necessity to make sure you survived.  We survived and will move ahead  from here on out hopefully in many ways much stronger all around.
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