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Bullboard - Stock Discussion Forum
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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TSX:PEY - Post Discussion
Peyto Exploration & Development Corp
> PEY is Best
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•••
Sukhi19
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Post by
Sukhi19
on Dec 16, 2023 11:30am
PEY is Best
68% hedged.
Cascade commissioning soon.
Low cost producer.
They should've able to handle low NG Prices
better than any other company .
Risk/ reward is worth taking a risk
(56)
•••
GregC24
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Comment by
GregC24
on Feb 11, 2024 3:36pm
What has changed?
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