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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 Oct 12, 2021 3:56pm
177 Views
Post# 33998583

RE:Whole

RE:Whole

The whole world is crazy !! Hydrogen is a very inconvenient method to store energy And very expensive to produce. Better to rely on nuclear. The Japanese are re-starting their nuclear reactors.
Rather than hydrogen they are developing ammonia systems for energy handling and storage.
The rest of Asia will probably stick with Coal. Canada's best bet is to develop LNG exports to displace some of the Coal otherwise we should further develop ammonia methanol and polyethylene. Etc. For a quick fix we could also further expand propane exports .
Stick to what we know, it works !!

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