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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 PabloLafortuneon Jun 17, 2023 3:25pm
235 Views
Post# 35501950

RE:RE:RE:RE:RE:RE:Interesting comments today

RE:RE:RE:RE:RE:RE:Interesting comments todayOld, like I said, I think most important thing for me is to be overweighted on natural gas, can't predict who will be the winner or loser among them, they're all good companies with their pros and cons. Biggest "risk" in a way is probably being acquired tbh. (big volume on AAV Friday btw). Short term prices are really low - check. Environmentally friendlier (doesn't matter what we think, it matters what others think - Keynes - ) today and tomorrow  - check. Long term electricity consumption - check. Known (coal, nuclear) and Unknown (wind) issues with alternatives - check. Export potential - check. Oil decline (associated gas) - check.  The only real negative associated (no pun intended) with natural gas is there is a very strong incentive by traders and others to create a price gap between export (LNG) and domestic (inflation) prices. This has become very obvious to me esp when I look at ETFs like BOIL and HNU.
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