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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 auagntungstenon Nov 06, 2023 2:19pm
140 Views
Post# 35719882

RE:RE:RE:What a great monthly report

RE:RE:RE:What a great monthly reportAlthough the Alberta Premier D. Smith tells Ottawa Natural Gas (resources ) are Provincial jurisdiction you have the B.C. NDP blocking the coast for tankers as the Coast is federal jurisdiction. However, bargaining about more supples to the Powerplant coming on stream soon could help. 
Trudeau is causing problems , the WEF with Freeland on their board, are two strikes against Canadians and investments. Also, George Soros has free'd up cash and he broke the Stock market years ago in England so he's training his younger son . With his wealth and ties to the WEF, my thoughts are "be wary".
Presently I'm going to buy more shares, using money set aside from an RRSP account that I've used to roll over shares into my TFSA. 
 believe in NG as a great investment, Pays great jobs and div's are not too shabby at over 9%.

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