Peyto Exploration & Development Corp T.PEY

EIA update I missed back in September

[nukester]

https://www.eia.gov/todayinenergy/detail.php?id=53719

While many nat gas investors were busy positioning for the eventual (then delayed) re-opening of Freeport LNG terminal in the United States.  Calcasieu Pass brought on the last remaining 1/3 (approx)  of LNG production. In other words Calcasieu Pass replaced about 1/3 of Freeport's missing production.

Not exactly earth shattering info, but Interesting to those who may have missed it, Me :-)

Looking forward to 2025 , another 5.7 Bcf/d of clean, affordable, and family friendly U.S. LNG will be warming the hearts and minds of investors / consumers across the globe :-)
I figure Canada has a fair shot at back filling a fair amount of the nat gas consumed  by the increased U.S. LNG exports.  

With LNG Canada initial production coming online in a year or so, https://www.lngcanada.ca/news/lng-canada-project-update-fall-2022/
and the added U.S. LNG exports,  seems like brighter days ahead for Peyto.
 

Happy New Years,
Nukester

[stockmarket1]

Thanks for the link. That was refreshing. Even more of a boost would be seeing the price of Nat Gas rising too from current levels ( $4.55)

[Quintessential1]

That will happen with increased demand,  Freeport will help with that when it comes back. As near as I can tell the final 3 blocks of the Calcasieu Pass LNG Plant have not received approval yet and therefore are not producing but are expected to by Q3 of 2023 which should help with demand especially once freeport is back at full production, https://www.eia.gov/todayinenergy/detail.php?id

[stockmarket1]

Thanks for the link. :)

[nukester]

Quint, Your EIA update appears to be from April 2022. In September 2022 EIA announced the following: "The seventh, and most recent, U.S. LNG export project—Calcasieu Pass LNG—placed all of its liquefaction trains in service by August, ahead of schedule." https://www.eia.gov/todayinenergy/detail.php?id=53719 I just noticed it myself the other day :-) Cheers, Nukester

[Quintessential1]

Totally missed it and I am pretty sure you posted the link before.  Thanks! I did read a blurb that they are running in the commisioning stage still because as long as they do not enter the full commercial utulization phase they can charge spot prices for LNG instead of their much lower contracted prices that they are not required to fulfill until late 2023.  As long as they are