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 1:05pm

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Post# 35216173

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

I know you were responding to Yashce and so I will let him defend his own statements on the carbon tax although I do somewhat agree and will say I think a carbon trading sxheme ( a la Quebec) would be more beneficial to all.

I wanted to comment about your wood heating boiler. I have a wood burning appliance or two myself and do find myself firing them up occasionally to offset my gas bill. I have heard arguements that are very much for solid fuel burning appliances especially wood as they say the carbon will be released anyway either by combustion of the wood or decomposing of it. The arguement especially rings true if you are using wood that was not specifically cut down for burning. In your case that outside boiler might make use of old skids and waste wood that might eventually rot anyway releasing all of its CO2 without ever providing the heat energy that your boiler does. In my case I just can't drive by a pile of wood left at the side of the road ussually by arborists to be tossed away. Its not as clean as natural gas but it could be argued that it is carbon neutral and definately renewable.

Anyway now back to our regularly scheduled discussion already in progress.

GLTY and all.

fullyautomatic wrote: I can't resist.

Your point #5 re: carbon taxes... If you truly beilive that 80% of people benefit from the carbon tax, well then I'm not sure we could ever be on the same wave length..

The carbon tax is built into every single widget you purchase as every hand that it touches in the chain is affected- I'm sure you know this, how can you agrue that it is a benefit?

I see it as a tax on the productive that is given to the unproductive. Long term it has the potential to destroy ANY incentive for growth or innovation.

A case in point: A few years ago in Alberta the NDP was elected around the same time I was building a large shop at my farm. The NDP insituted the carbon tax and even though I had installed a natural gas line to the building, I made a change to the design and purchased and installed a massive outdoor wood fired boiler. On a calm day fire stoked up nice, my whole valley I live is smoked up from that thing, literally some of the neighbours called concerned that my yard was on fire! Nice heat-- no carbon tax!

BUT if you think that is innovation your are wrong- it's not. It's ancient technology that produces way more "carbon" -way more. It's not my intention to pollute, my intention is to NOT freeze..