RE:RE:RE:RE:RE:RE:Huge day for Peyto todayToo much debt.
As free cash flows grow, PEY is best to allocate the surplus to debt reduction.
Dividend was already overextended after they took it above $0.06/mo.
If team has respect for the company, they will deleverage.
Recessions happen.
The children posting here can't handle their shares falling back under $10.
Way to avoid that is debt reduction.
auagntungsten wrote: When the Cascade Powerplant goes on stream as a basic supply to meet Alberta's power demand and at a price higher than the Henry Hub. The savings from transporting or number fixing by America, Canadian investers are justified in participating in this windfall. They are paying down debt, buying resource rich properties to increase value and capacity....and the stock value is increasing, the dividend should also go up. Risk = Reward. The politics of Natural gas is failing, Go Canadian Oil Products, it's incresd usage helps Canadians.