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 > Strange times

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Comment by GoldFisher22on Mar 15, 2022 2:21pm

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Post# 34515926

RE:Strange times

Yeah. I would think that present the drop in oil has pulled down natgas in sympathy.

It would be interesting to know if the 60MM barrel release (from the US and 30 nations) is being dumped into the front end of the futures curve, or spot market. Seems like pretty good volume in the front months (April & May) over at CME Group's crude oil trading.

The bigger the drop, the bigger the rebound, I should think.

"Patience grasshopper"

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