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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 stockmarket1on Jan 04, 2024 1:49pm
102 Views
Post# 35810953

RE:RE:RE:RE:Looks like a strong start to the new year

RE:RE:RE:RE:Looks like a strong start to the new year I highly doubt that N.G will reverse. Starting next week, a fridgit spell is on it way right across the nation which could remain for quite some time. There's no doubt we're due for a cold snap!! I wouldn't be surprised now if we see nat gas over $3 by next week.

I wasn't calling for it from my previous posts but, I didn't expect that news coming out. I thought our winter would be warm right up until Febuary end the way it seemed to be going. Great for Peyto and other Nat gas comanies now. Peyto's hedges are fine even it Nat Gas gets close to $3.50 per say. 



liljohnnyjoke wrote: maybe $13 today, NG price has been moving up, will They crush it back down?


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