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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 perplexed01on Nov 10, 2022 12:54am
207 Views
Post# 35087388

RE:RE:RE:RE:Strength or weakness?

RE:RE:RE:RE:Strength or weakness?this divy increase is fantastic news for me since i went way overweight pey early 2021 and the divy is a big part of my retirement income.  but i have to wonder if debt repayment should have been a higher priority instead - interest rates have not stopped going up so debt service will reduce future income?  the 8% drop yesterday was on little more than average volume so maybe just "normal" volatility and not an early reaction to the report.  so overall - pey is strong, divy is way up and safe - i feel very lucky to be an overweight long. glta! 
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