Peyto Exploration & Development Corp PEYUF

Primary Symbol: T.PEY

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It 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 Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.

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Peyto Exploration & Development Corp > Dividend Debate Dumbed Down

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Comment by houbahopon Feb 03, 2023 4:48am

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Post# 35264100

RE:RE:RE:Dividend Debate Dumbed Down

Thanks to both of you, Mickey and Yasch, for taking the time to write down the details.
To throw a $0.60 Natgas price to justify the dividends sustainability was misleading.
$3.00 is much closer to reality.

And a $26 stock price target (Scotia analyst) is a joke in the current Natgas environment.
This guy should go back to school, imo.

BIR and PEY have resisted very well in the last 6 week where HH went from $7.00 to $2.50.
Would they be able to sustain another 50% decrease from $2.50 to $1.25 in the next weeks?
I keep some powder dry...

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