Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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).

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Peyto Exploration & Development Corp > Italy's Draghi wants to take energy company profits

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Comment by ngtraderngon Dec 16, 2021 8:56am

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Post# 34236038

RE:RE:RE:Italy's Draghi wants to take energy company profits

I think the chance of the current Liberal government doing something like that is low but it wouldn't be the first time that a Trudeau tries to rob the oil & gas sector: https://en.wikipedia.org/wiki/National_Energy_Program

With rising inflation and cost in everything, politicians are going to be looking at someone to (mis)blame and for new revenue sources. Canada isn't immune to populism.

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