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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 Oldnaggeron Sep 25, 2021 8:56am
120 Views
Post# 33918867

RE:RE:RE:RE:RE:RE:RE:Headlines about intermittent renewables are overblown

RE:RE:RE:RE:RE:RE:RE:Headlines about intermittent renewables are overblownI agree on many of your items, but the big bugaboo in my mind is the huge cost of storage for non hydrocarbons or coal. At present, the world depends on huge stockpiles of coal crude and natural gas. These stocpiles represent working inventory, seasonal demand inventory and economic secutity inventory (Remember Pearl Harbour ) Hydrogen could not possibly come anywhere close to fullfilling these requirements . LNG could not possibly do it either . Not every country is blessed with accessible salt caverns As far as batteries go ,I have trouble keeping even my fitbit going for longer than a week, nevermind for months or decades (as is the case for strategic reserves )
So where does the world go from here ? My guess is from one  energy crisis to another until the most dimwitted politicians finally figure out that  they are the problem. I am sure that long before that , the general populace will have figured it out .
If there is ever to be a salvation, It will have to come from nuclear, not a pretty word but society's sole hope in the next century  and probably a good part of this one also. Whatever you do , don't waste your time reading National Geographic  articles about natural gas, Soon enough they will have articles against nuclear. Publishing photos of bare-breasted native women has become non PC.So they need to look elsewhere for sales. After they deliberately destroyed Canada's Oil industry , they will be looking for new areas of endeavour !!
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