Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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

Peyto Exploration & Development Corp

<< Previous

Bullboard Posts

Next >>

Post by oilfield13on Dec 09, 2023 1:34pm

223 Views

Post# 35776332

Cascade Power Plant Delay

Peyto"s pipeline has been completed to the Cascade Power Plant and they have 60,000 GJ/perday of natural gas ready to go.
The expectation was that this Power Plant would have been up and running in Q4/2023.
The delay into Q1/2024 was unexpected and in my opinion is a huge factor feeding the share price decline...
I see it as a buying opportunity.....A little pain before the gain.

<< Previous

Bullboard Posts

Next >>

High-growth stock Happy Belly opens first Rosie's Burgers in Alberta