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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 > The lowest cost producer is not Peyto
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Comment by GregC24on Feb 28, 2024 8:48am
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Post# 35903355

RE:The lowest cost producer is not Peyto

RE:The lowest cost producer is not Peyto
houbahop wrote:

Qatar's bigger LNG expansion to squeeze US, other rivals:

https://www.reuters.com/business/energy/qatars-new-lng-expansion-plans-squeeze-out-us-other-rivals-2024-02-27/


"Analysts estimate Qatar's unit cost of LNG production to be as low as .3/mmBtu, versus $3-$5/mmBtu globally, as associated liquids production pays for most of the LNG construction costs, and as access to cheap labour from southeast Asia prevents projects ballooning in cost or slipping behind schedule."



I would be curioius to understand the working conditions of that "cheap labour from southeast Asia".  Their record for the World Cup was so spotless...

https://www.hrw.org/news/2023/11/20/fifa-no-remedy-qatar-migrant-worker-abuses#:~:text=After%20the%20global%20spotlight%20on,slowdown%20and%20that%20continue%20today.
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