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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 Quintessential1on Dec 10, 2022 1:38pm
205 Views
Post# 35163915

RE:RE:RE:RE:RE:RE:This Is Fantastic!! What A Difference!! PEY!!

RE:RE:RE:RE:RE:RE:This Is Fantastic!! What A Difference!! PEY!!Apparently you call them PEYTO investors!  LOL  Just kidding!

But I honestly do not believe this will be the case this particular time around.

I don't think NA producers can fill the void left by the Russian stoppage of NG flows.

Even if the Russians continue to supply bad actors like China, India North Korea et al,  they cannot come close to matching the amount injected into the market through their previous EU supply. 

Nord Stream 1 and 2 were high capacity low cost delivery systems that cannot be duplicated in one or two years time.  I am also not sure they will ever allowed to be put into service again.

GLTY and all


houbahop wrote: Don't worry, natural gas producers have been going all-in increasing their production and are driving North America Natgas production to new record highs month after month.

Soon producers shares will feel the pinch of flooding the markets (once again), unless Europe and NA have a very very cold winter.

How do you call someone that keeps doing the same mistake?





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