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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 NonCredibleSrcon Sep 18, 2023 10:32am
166 Views
Post# 35641280

RE:RE:RE:Is today a last chance opportunity?

RE:RE:RE:Is today a last chance opportunity?Not a recommendation, but my math says that with today's SP value, interest rates, and yield, a fully margined account with PEY only will net about $0.002049 per day per share held.

Standard interest rate (8.75%), single share of PEY ($6.53 margin), you net $0.75 per year ($0.57 interest paid, $1.32 in div earned). Multiply that times 10, 50, or 100 thousand...

Of course, if you purchased PEY when the yield was higher, you will net more. Similarly, if you have a high enough account balance to gain an interest rate reduction, or are invested via a different group with reduced rates you will also yield more.

In addition, to address the question by malx1, my corporate business account also holds a considerable amount of PEY.
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