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 > As expected......SAVED by Repsol...!!!

<< Previous

Bullboard Posts

Next >>

Comment by malx1on May 17, 2024 10:41pm

162 Views

Post# 36046857

RE:RE:RE:As expected......SAVED by Repsol...!!!

stockmarket1 wrote: Should natural gas price rise even more. I wouldn't be to surprised seeing peyto shares edging $20 a share as we approach fall 2024.

My opinion, of course. Not sure if anyone else would somewhat agree.

LNG introduces a structural demand shift in demand.

I'd say you're "spot" on.

Hi quality NG producers will get bids from institutional money, the guys always late to the party.

Ask Nukester.

<< Previous

Bullboard Posts

Next >>

Apolo IV Acquisition and Marviken Ontario sign merger agreement