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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 sportstermathewon Feb 14, 2023 8:55am
103 Views
Post# 35284780

RE:RE:RE:RE:RE:RE:RE:RE:NG NEWS

RE:RE:RE:RE:RE:RE:RE:RE:NG NEWSRe the JOnes ACT article I was able to get it up under INCOGNITO, right click on it, open in INCOGNITO and then refresh and stop X quickly, after a couple of tries I was able to get the article to load.

This is how I get a lot of Globe or New York Times articles.

Sometimes it works others some times don't.

Basically the US does everything under the guise of FREE TRade but then does everything from 100 year old acts to bottleneck everything for greed rather than better lower costs.

Hong Kong before China got its hands on it was one of the best places to freely do business, low taxes, competition reigned supreme.  If you did a good job, good products like suits say, you made money.  People used to go there and buy four or five suits custom made in a day at decent prices.

Nowadays anything I buy, or don't want to buy from China is horrible quality wise.

I am holding on to PEY and CR as long as I can.  It hurts presently and I sure don't want to go back to pre 2020 valuations in my accounts.

I just feel with a gradual reduction of debt, current dividend level, new plants, Cascades, more pipe, more land and more production things will get a lot better.

Same with CR but they have more issues with facilities.

I was reading up on the Fishbone technique of drilling started by Shell, I don't think it is for PEYto's style of drilling but goes to show the tech out there these days is fantastic and it is much better for the environment with greater production levels.  Costs are certainly higher but eventually should come down to some degree.

11c div tomorrow.
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