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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 fullyautomaticon Jan 11, 2023 7:01pm
136 Views
Post# 35217111

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:Div hike or Debt reduction?
Yasch22 wrote: Fullyautomatic, I realize you've got a farm & shop to run, but I'd be interested in seeing a short summary of your cost bases for a wood-fired boiler vs natgas heating. The difference must have been huge, especially if you'd already sunk costs into running a line to your property.

How much extra time do you put in per week to get your supply of wood? Pellets, or cordwood?
Compare maintenance?

Also, you must have some amazing neighbours if they're OK with you smoking up the local valley with that boiler. No health concerns for you, yours, and the old folks living up the hill?

Also, just wondering if you realize that the first carbon tracking (2003) and pricing mechanism (2007?) was put in place by Conservative Premiers, though it was applied to large emitters, not across the board. On the federal level, Stephen Harper was dead keen on setting up a cap & trade mechanism in 2015, but then of course he lost. The Libs, NDP, and Greens, representing something like 70% of the population, were in favour of a carbon tax.

Last point: you blame the NDP for the carbon tax, as they charged $20/ton in 2017 and raised it ot $30/ton in 2018. But Notley was simply putting in a provincial alternative to the federal plan, wasn't she? Jason Kenney repealed the NDP's tax in 2019, but then almost immediately accepted the federal system, right?
In 2020, he even increased the provincial tax on heavy emitters to $50/ton to keep the administration of that tax within Alberta's jurisdiction.


Yasch,

I really do have amazing neighbours, all long time landowners, farmers, cattlemen and skilled tradesmen. Not one complaint from smoke, mind you my nearest neighbour is at least 1 mile away. 
I've got about 800acres of treed pasture land so we collect deadfall all summer cut er up and throw it in. No control boards to repair or digital equipment to trouble shoot as there would be on a modern high effiecient boiler, so I'm fairly confident future maintaince is also less with the "low tech" 
Surely it's more work, but keeps a guy in shape and teaches the kids some lessons on work and preparation, soon I hope they will be old enough and that will be a part of their summer. Cutting wood in the bush....

I do blame the NDP, as it surely wasn't something they advertised as policy during the election. Our rural ridings at least in my area all voted Wildrose, but the NDP caught the right divided. I think it's a slippery slope once it became policy the subsequent govs where caught having to go along to get along. Kenny is no friend of mine. 

As far as I know I don't get a carbon tax rebate and I certainly don't get more for living in a rural area... Anyways I tell people this story all the time and it does, to me at least, provide edvidence that the tax is regressive and can stifle innovation.

I'm sure 80%+ of the voting population lives in cities and I would never ever choose to trade places with them. To me living there isn't really living at all, it's existing on a good day..   
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