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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

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Peyto's dividend sustainability
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Post by houbahop on Mar 13, 2024 4:55am

Peyto's dividend sustainability

With current hedges of 70% and 56% at an average price of $4.00/mcf for 2024 and 2025  respectively,  Peyto needs spot price over $0.25/mcf for the rest of its production and WTI over $70/bbl to keep its dividends from being financed with debt.

Imo, it is way too early to call the dividends unsustainable for 2026 and further. And currently, future prices for 2026 are still very interesting for producers. Around $3.75 average for both AECO and HH.

Comment by NonCredibleSrc on Mar 13, 2024 10:16am
Agree. Right now PEY seems to be walking the right side of a pretty thin line and while I welcome the view of any naysayers indicating that divvies may be unsustainable in the future, I also find it prudent to understand: 1) what is relevant and tangible for today - hedges, along with keen management of financials and capex will keep the div in place for the next 18 months 2) forecasting future ...more  
Peyto Exploration & Development Corp
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