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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by Quintessential1on Oct 16, 2022 10:28am
144 Views
Post# 35027615

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:old saying !

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:old saying !LOL.  As in VET's case an acquisition that, well not necessarily being stupid, did manage to add to debt instead of reducing it and kind of irked me considering it wasn't a Corrib type value deal.

For PEY the debt reduction is paramount.  The dividend yield is cool with me.  I just like it monthly.

GLTY and all longs


Maxmoe wrote: All true if you're after dividends. My preference for all of them remains the same. Debt, then buybacks. That will drive the next double in stock price for the whole industry. If there's anything left, sure send it to shareholders before it burns a hole in mgmt pockets and they blow it on something stupid


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