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 > Technicals

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Comment by borne2runon Jan 30, 2023 6:46pm

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Post# 35255133

RE:RE:Technicals

<< the reason HH is seeing such high pressure right now is that Natural Gas storage in the southern US is unusually full. >>

That is simply NOT the case.
U.S. storage entered the withdrawal season slightly below the 5 year average (3.58 TCF vs 3.66 TCF).
Projections for the start of the injection season are 1.7 to 1.8 TCF, compared to the 5 year average of approx 1.53. The 5 year range is 1.13 (2019) to 2.00 (2020).

IF the Freeport LNG facility had not gone offline for so long, US inventory levels would be lower than the 5 year average and would have been close to the 5 year low in a normal winter.

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