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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 sportstermathewon Aug 23, 2022 8:12am
291 Views
Post# 34913520

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

RE:RE:RE:RE:The Cascade Power playExactly, that is a gem of a deal with what I think is little risk long term.

2023 is coming up fast.

Just hoping I can hang on and not get lost or the jitters as we sometimes do in investing.

If this recession is minor, and the markets look ahead we will end up in another bullish to a certain degree market for next year.

We here have been lucky to be in the best sector of the year.

With peak oil and changes in NG markets our time has come and I don't think will be weak again at least for any length of time.

Gasoline prices have fallen for 70 straight days in the U.S. so they are happier.

Lower prices, more usage.
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