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 > The Cascade Power play

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Comment by MagicPinstripeson Aug 22, 2022 11:40pm

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Post# 34913186

RE:RE:RE:RE:The Cascade Power play

Great detective work Yasch,

This just leaves the question as to how the contract price is arrived at between Peyto and Cascade.

Will it be at a discount to HH or at a premium to AECO? Will it be a mixture of the two price points? Will it be pegged/fixed to a hub or floating? Will it be based on spot prices or futures?

Further, HH is quoted in USD while AECO is quoted in CAD. Will the prevalent exchange rate factor into the equation?

So many questions, but it sounds like a win-win for both companies. Perhaps Peyto's 'hedging' strategy will win out on this one ;-)

GLTA

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