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 > This Is Fantastic!! What A Difference!! PEY!!

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Comment by houbahopon Dec 10, 2022 8:46pm

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

Nord Stream 2 never got in service.

I am not too sure Russia won't be selling gas to Europe in the near future.

Who knows that Germany and Europe will want to buy their natural gas at the same high price as in 2022 in the next years. The law of economics will eventually prevail over political ideology.

Such is the market rules of capitalism.

One fact is proven. Natural gas producers are very undisciplined.

2023 will be very interesting to follow.

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