Peyto Exploration & Development Corp PEYUF

Huge day for Peyto today

[houbahop]

Up $0.48 despite being an $0.11 ex-dividend day!

The 24'Q1 report will be released soon (May 14th).
I would not be surprised to see FCF above $105k and debt reimbursement above $70k.

Mrmomo, any call on Peyto's Q1 FCF?

[malx1]

Is that despite all the whining and complaints about hedging? Interesting.

[Nakate]

nice pop if this keeps up they will have to raise the divi

[stockmarket1]

Yes but I would like to see the debt be reduced more than anything else. FCF is a big thing people talk about when it comes to O& G companies but...debt reduction gives the balance sheet much more strength and security imho.  It's now past x dividend date and we should not be surprised to see profit taking that's occurring today. Kind of a given actually. It's had a great run

[malx1]

"have to raise divi" ???? Dividends are discretionary. BoD can reduce dividend as well. Anyone talking dividend hikes at this juncture shows their lack of basic understanding.

[auagntungsten]

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

[malx1]

Too 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.

[finedace]

In the May 14 Q1 report I would like to see EPS well over $0.50 per share. In 2020, the only year Peyto ever reported an annual loss, Q1 was -0.41 per share. In 2021, 0.23. In 2022, 0.56. Last year, 0.51. I know people like to look at cash flow instead, probably makes sense, but still I'd like to see this year EPS to come in well past $2.50 for the whole year. I hope debt reduction or