Bullboard - Stock Discussion Forum 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... see more

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TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Earnings non-event

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Post by Singoa58 on Mar 08, 2024 10:50am

Earnings non-event

Basically as expected???? Seems divy is secure for now because of some excellent hedging ...
let's hope for a hot summer I guess

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Comment by topdop on Mar 08, 2024 11:18am

Problem with Hedging is a simple fact of Time and Mean Average Price. The first you run out of. The second is where you will (eventually) end up. In a degrading commodity price environment - which is where we are now - you DON'T want, and you SHOULDN'T PERMIT, your future growth to be hamstrung by your Finance Department...

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Comment by Singoa58 on Mar 08, 2024 11:30am

Let's pretend you are in charge... do you suspend the generous divy or cut it in half temporarily? . any hint of that will cause mass exit of stock and send share price spiraling down...

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Comment by malx1 on Mar 08, 2024 1:40pm

None of you reddit kids understand what a futures curve is. Look at Jan 2026, champ. Sell forward today, means certainty of cash flows allows for calculated capex next rolling 12mo. Sure, the Dividend is heavy, I can agree on that, should be $0.05 to $0.06/mo until debt is below $1B. That's up to BOD and team. The reddit children calling for collapse of PEY share price ...more

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