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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 Jun 03, 2022 5:54pm
93 Views
Post# 34730902

RE:RE:RE:RE:RE:A useful Global Perspective on energy and emissions

RE:RE:RE:RE:RE:A useful Global Perspective on energy and emissions Thanks for your very valuable input. To keep things focused on Peyto , more specifically , I will return to the starting point of this discussion. That to me must mean data and the interpretation of that data. Actually, it seems the data is fairly straight forward but as you and others have demonstated the interpretation is anything but straight forward.
Nevertheless, Yasch gave me a jolt and for that I need a sedative. well the only sedative I ever use is working through a situation. So for now , my sedative is this thought. It is going to take a long time for EV s to takeover the planet . the reason is relatively simple (I believe ) and that is the very long life span of both the  automotive and truck rolling stock. So even if EV penetration becomes very high . we should all be very happy to continue to hold our petroleum investments which for the most part should pay themselves out in a very few years and long before petroleum  can only be found in museum exhibits  !!
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