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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 houbahopon Jan 19, 2024 12:17pm
118 Views
Post# 35836080

RE:RE:RE:DIVIDEND

RE:RE:RE:DIVIDENDI sincerely hope you don't base your invesment decisions on analysts words.
It has been obvious BIR would cut its dividend since December's warm weather.
Their dividend was vulnerable since last September.

As for Peyto, history as shown they would keep the dividend at current levels 2-3 quarters  past the time where  they could not afford it (with increase debt). They have enough hedges to insure enough FCF for the dividends for the next two years.

In other words, they can keep current dividends for the next 2.5 years if they don't go overboard with capex.

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