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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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.


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Thinking more about RE:$100 million annual dividend
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Comment by houbahopon Nov 10, 2021 9:11am
157 Views
Post# 34109100

RE:RE:RE:RE:RE:Thinking more about RE:$100 million annual dividend

RE:RE:RE:RE:RE:Thinking more about RE:$100 million annual dividend"The Fiduciaries & BoD did what they needed to do to save the Company."

I guess you missed my point here.

The BoD decision to borrow money to pay a dividend for so many years had weakened its capital structure, making Peyto vulnerable to a macro event.

The macro event(s) happened and the stock plummeted to $1.

This kind of behaviour does not attract long term investors but I'm glad you were able to reinvest at a very low price. I did the same at $1.25 and kept them all.
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