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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by llerrad5on Dec 09, 2024 12:54pm
172 Views
Post# 36352985

When is the next polar vortex due?

When is the next polar vortex due?Another round of much colder air is coming from late December into Mid-January from a stratospheric warming polar vortex event.

Thus, this type of cold at the maximum demand time of the year should be enough to propel February natural gas prices to $4 resistance.

A La Nina Modoki remains.
 
A temporary warming up phase in the US has caused another opportunity for an even larger tradeable rally than the one which was just seen in Natural Gas.
 
An even colder air mass is coming for back half of December especially Christmas week and that should continue through mid January as a very serious Sudden Stratospheric Warming event leads to a major polar vortex intrusion in the US especially the eastern portion.
 



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