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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

Post by ngtraderngon Feb 09, 2022 7:45am
215 Views
Post# 34411399

Shenty is right

Shenty is rightBut for the wrong reasons. I don't believe that interest rates will do much harm. Perhaps slow down the economy a bit and lower demand. The big issue is that NG production in North America is back to all time highs and growing. There is nothing to stop the overproduction in the short term except for lower prices.

Long term, once the grade A shale locations are exhuated, NG supply and demand will come back to balance but this could take a decade to play out.
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