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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

Post by Oldnaggeron Jun 16, 2023 11:48pm
278 Views
Post# 35501409

Efficiency

Efficiency

The number one enemy of global warming is energy efficiency. 
Peyto is efficient in many ways. That efficiency is expressed by lower costs of both drilling and processing nat gas and is supplemented by very low emission levels. This all despite a federal government which is the exact opposite of efficiency.
It is time for the industry to express itself more forcibly. They could start by exposing Trudeau's blatant BS concerning the cause of Alberta wildfires , then they can go on by reminding fair minded people of the many benefits that nat gas does provide on top of all the benefits that could otherwise be provided if only we had supportive governments at all levels
The prize is a share value that aligns with the true PV of the company ,rather than a shsre value that represents a dying industry.
Today, in spite of positives such as LNG Canada and the TMPL near completion. Canadian energy stock values remain ever more depressed than those of international competitors.
How atrocious and how very sad !!

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