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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 shenty46on Sep 28, 2021 7:39am
242 Views
Post# 33929342

RE:RE:AECO vs Henry Hub

RE:RE:AECO vs Henry HubDuring Q2 2021, Peyto sold 52% of its natural gas at Henry Hub, 28% at AECO, 8% at Emerson, 8% at Malin, and the remaining 4% at Ventura.
Darren gee also predicted six months back as : 
of course, we see strength in the NYMEX relative to weaker AECO prices, which we could possibly see because the TSP was not extended into the summer of '21 for the Alberta market. So we could see some weakness in volatility there. And storage numbers in the U.S. look like they're headed pretty low. And so if the refill isn't as aggressive as you might predict, then we could see some strength in the NYMEX, in which case, our diversification costs will fall for the next summer
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