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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).


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Oil market timeing to right itself.
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Post by llerrad5on Jun 21, 2022 4:09pm
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Post# 34772236

Oil market timeing to right itself.

Oil market timeing to right itself.The EXON pres. said to day that it will take 3 to 5 years for the oil maket to bring on enough new product to lower prices.

The last refinery in the USA was built in 1977. Over 1/2 have closed since then.
Kuait is bring on the largest refiery in the world at the end of 2022.

USA is slowly becoming dependant on others for gasoline, lubricants and jet fuel.


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