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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 Nov 20, 2022 8:55am
169 Views
Post# 35113550

RE:RE:RE:Question for Weather-Man Yasch :-)

RE:RE:RE:Question for Weather-Man Yasch :-)My wife worked through the Calgary Hail storm of 1981, about $128 million I think.

The cost of a storm has absolutely nothing to do with weather patterns etc.

If no one lived there as in 1800 then the cost would be zero.

Just because you live in an area of a weather event has nothing to do with frequency, intensity or highs or lows of any extent.

That statement by the Alberta goernment is useless.

Instead of saying we will manage our forests better, we will organize our road systems better for flooding and storms, we will stop people from building in flood prone areas, we will strengthen requirements to protect houses and other man made goods from hail and so on.

I am so tired of Climate Change idiocy.

  
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