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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 wreckhouseon Feb 12, 2023 11:52am
133 Views
Post# 35282053

RE:RE:RE:RE:NG NEWS

RE:RE:RE:RE:NG NEWSInvesting.com -- The selloff in natural gas paused Friday, with the market posting its first weekly gain in eight, as bears in the market reassessed their positions after taking the heating fuel to 2-½ year lows in the previous session.

I should probably start a new thread but the header here just fits the subject so nicely.

"Natural Gas: Fasten Your Seat Belts

The buffers that keep America’s natural-gas price fluctuations at bay are eroding"


https://www.wsj.com/articles/natural-gas-fasten-your-seat-belts-5c0fcdf4

WSJ either making or breaking the case for hedging and smoothing out price fluctuations?

I didn't get past the paywall either so let me know....lol.

Nothing cheep on WALLSTREET !  So if the bears paused and reassessed their positions , maybe a little HNU could fill the tank this week . BCRNW


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