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).

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Peyto Exploration & Development Corp > Nat gas

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Comment by nukesteron Jan 06, 2024 3:24am

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Post# 35813564

RE:RE:RE:Nat gas

I too missed adding at the recent lows, but to be fair, I am way overweight Peyto from a few years back.

Global nat gas reservoirs are pretty full and global LNG export supply is increasing, but looking out further (several years) LNG demand is increasing as well. This is a long game, with demand forecast to increase annually the next ten plus years. Lots of coal consumption to replace with LNG. Lots of conventional declining natural gas production to replace with LNG around the world.

https://about.bnef.com/blog/global-lng-winter-outlook-2023-24/

By the numbers