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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).


TSX:PEY - Post by User

Peyto Exploration & Development Corp > AECO prices very firm
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Comment by MikeySwooshon Dec 23, 2022 11:56am
201 Views
Post# 35189612

RE:RE:RE:RE:AECO prices very firm

RE:RE:RE:RE:AECO prices very firm
houbahop wrote: You're absolutely right Mikey. Did not notice, besides the front month being september? on the chart.
According to ICE market data, the strip is about .50 below what's shown on the chart.
Makes sense...

Peyto should start making excuses for all these expensive hedges.
It would be the beginning of something....

Well, the AECO futures curve https://www.gasalberta.com/gas-market/market-prices has finally been updated, and it's not looking great for Q2 and Q3 of next year. Peyto's summer hedging at $3.15/GJ doesn't look so bad at the moment. Obviously lots can change between now and then though. 
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