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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 Larix1on Mar 29, 2022 7:35pm
119 Views
Post# 34557218

RE:RE:RE:RE:RE:Future pricing: Would you hedge? How much?

RE:RE:RE:RE:RE:Future pricing: Would you hedge? How much?
Turning off the spigots would be great indeed but replacing 5000 Bcf per year will be somewhat, ... challenging.
Europe needs to find partners overseas who has large reserves, is able to increase production quickly, wants to do business and is interested in investing in lng terminals in order to profit from european ng prices.
Hopefully such countries can be found but even then it will take years to build proper infrastructure. Next winter europeans have to choose between reducing energy consumption or keep financing the russian army.
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