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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 MikeySwooshon Dec 22, 2022 4:30pm
181 Views
Post# 35188038

RE:RE:AECO prices very firm

RE:RE:AECO prices very firmWhere are you deriving your AECO futures data? The Gas Alberta website https://www.gasalberta.com/gas-market/market-prices has been a mess for the past couple of weeks with either no futures chart or a chart from a few months ago (as is currently the case). The daily prices are solid, but Peyto has minimal exposure to SPOT AECO, and with the frigid temperatures in Alberta right now, I'm sure the freeze offs continue (December newsletter) that are even further limiting that exposure. Fortunately Ventura prices shot up yesterday to nearly $30 per mmbtu, so hopefully that pricing hangs around for a few more days. Peyto missed the boat on Malin (hedged at less than $3 per mmbtu), as its been trading well north of $10 per mmbtu for the past couple of weeks https://www.naturalgasintel.com/data-snapshot/daily-gpi/CALM400/ All of Peyto's drilling rigs are down currently, but hopefully the January newsletter (provided it continues) will finally bring good news on the production front, as it's been essentially flat for several months due to one "excuse" or another.
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