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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 > New 7-year high
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Comment by GregC24on Nov 21, 2024 3:56pm
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Post# 36324629

RE:New 7-year high

RE:New 7-year highPower prices the 20th and 21st in Alberta have been quite high with the cold snap.  Peyto’s realized price under the Cascade gas supply agreement is indexed to Cascade Power’s realized power price so I imagine this has been a couple of good days for them.  Cascade 1 & 2 are running around 90%.  Certainly doesn't hurt.  The cold is to continue through the weekend so a nice little run for Peyto (sorry Alberta).
Average price on the 20th was 7 times higher than the price on the 19th.  Looks like a similar story today but not quite as good as the 20th.
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