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 > Div hike or Debt reduction?

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Comment by Quintessential1on Jan 11, 2023 8:31am

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Post# 35215266

RE:RE:RE:RE:RE:RE:RE:RE:Div hike or Debt reduction?

Well look who is worried about windfall taxes all of a sudden!

The old sandbagger.

Just a reminder that the Liberals are the only western government not only not talking about imposing a windfall tax but have actually come out and stated that a windfall tax is unnecessary and would be counter-productive to inflation and the economy as a whole.

Let's not praise them for that. Let's speculate about when they might do it. (never)

I am going to worry about those governments (including the conservative UK) that already imposed windfall taxes.

Besides we all know the Liberal are already making a windfall off of oil and so do they.

Thanks Alberta!

GLTA

Oldnagger wrote:
Well Yasch, it is always refreshing to have an alternate view of history, Can you imagine those Crazy Albertans plus most if not all the Chief execs of the Western petroleum industry disliking Trudeau's energy policy ? Anyway, no matter , The nat gas industry will flourish and prosper irrespective of everything else. A simple matter of physics and economics. The only risk is a return to more coal firing, which fortunately is quite unlikely in Canada at least.

I do not spend a lot of time worrying about your thesis on renewables. They will be sorely needed some day so it is probably a good idea for governments every where to start planning for vastly greater quantities of nuclear plants

Meanwhile, any serious environmentalist should be concerned about bridging the gap between the completely outrageous amounts of coal firing on a Global scale and much more efficient nat gas firing
That can be started very quickly by the USA shutting down their coal fired plants ( I am sure Trudeau took up the issue with Biden LOL )

Anyway , just checking in and felt it necessary to mention that with a little bit of support our industry can be spectacular. Let us just hope that Trudeau does not someday decide to follow the Europeans with their insane Windfall taxes. Unforunately, if he is still there he most likely will when North American prices inevitably rise. His family history tells me that !!