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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 > gas rate from alberta utility triples in january?
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Comment by Quintessential1on Feb 21, 2024 11:59am
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Post# 35891066

RE:gas rate from alberta utility triples in january?

RE:gas rate from alberta utility triples in january?https://www.gasalberta.com/gas-market/market-prices

I hope this helps.

GLTY and all 






perplexed01 wrote: i wonder if anyone can explain this?  for many years the utility floating gas rate charged closely tracks the natgas price NG=F (NY mercantile posted on yahoo finance).  i usually cheer when it's up being a pey SH.  but last month utility billed @ $5.65/GJ compared to the recent normal of under $2.  meanwhile natgas prices cant catch a break.  tripling in price implies a shortage but all we see in the media is oversupply. can anyone suggest why this might be?  


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