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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 ElJon Jan 01, 2024 12:39am
192 Views
Post# 35805942

RE:RE:RE:RE:RE:RE:RE:PEY hedging blues, extended version

RE:RE:RE:RE:RE:RE:RE:PEY hedging blues, extended versionNukester,
                  Houbahop and yourself are both longtime BBoard posters that have earned the respect of colleagues based on proven familiarity and expertise in the O & G sector, amongst others.  Your reference to "nothing of substance" evoking "a physical response" is possibly a gesture of humour, and does not appear to me to be any more of a "contradiction" than the subleties which encompass the realities that :
  • Photons have no mass when at rest
  • Photons cease to exist when at rest
  • Photons express a theory of light energy and can be considered to have mass when in motion
May both you and Houbahop and other Peyto posters have a very prosperous New Year 2024 and continue your generally interesting and insightful contributions.... personally I am a little concerned in what some may view as a "contradiction"  that interest rates may linger in the current general range for longer than most would prefer during 2024 and that hopefully significant reduction of interest rates is not driven by recession !? 

Peace,
Good Decision-making to All,
ElJ
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