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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 Jul 09, 2021 5:03am
162 Views
Post# 33520011

RE:RE:RE:Sign of the times: U of Calgary pauses BA in oil/gas

RE:RE:RE:Sign of the times: U of Calgary pauses BA in oil/gas I can tell you one thing here on the east coast, the roads are full, cars everywhere going in every direction.

When I grew up in Halifax, cars went in one direction in the mornings and another in the evening and if you went the opposite way you were laughing.

Also the construction is nuts, it does not matter what direction you are driving, tons of it.  All for bycycles, although no bikes around.

Forget about parking, at $30 a day you can have all you want.

And cars from other provinces, tons of them from New Brunswick.

We are over 70% single dose and getting closer to 50% 2nd dose I think so people are getting more comfortable although a few cases pop up from outside the province.

I can see some debt repayment for sure, but if they are able to drill they will with the returns they are getting.  And heading into winter again is nothing but money in the bank for a hedged firm.

Maybe past funds will compound eventually.
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