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 > NG NEWS

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Comment by malx1on Apr 27, 2024 1:25pm

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Post# 36011053

RE:RE:NG NEWS

stockmarket1 wrote: Eric Nuttall, as well, has a similar Nat Gas price estimate of $4 for 2025.
If that price does come to fruition. PEYTO should easily hit $20 a share, I would think.

wreckhouse wrote:

Electricity demand to power the data centers is soaring and so is demand for grid connections.

As electricity demand from data centers is set to jump to as much as 42 GW by 2030, from 11 GW now, the U.S. would need an additional 8.5 billion cubic feet per day of natural gas.

Natural gas demand for power generation is set to jump in the second half of this decade, and U.S. benchmark natural gas prices could average as much as $4 per million British thermal units.

$4 dollars is better than todays price . BCRNW