RE:$100 million annual dividendI couldn't agree more. Peyto is still a debt pig and there is zero guarantee that NG prices will remain buoyant long-term. More importantly, what is the war on fugitive gasses going to look like? There will be significant costs to mitigate these types of emissions and those costs will be borne by industry, at least initially.
ngtraderng wrote: I have mixed feeling about this dividend. If they can refinance the debt and sell long-term (2030+) notes at reasonable rates like the big seniors then I'll be happy with it but right now it seems like they aren't concerned about the debt load and that gives me mixed feelings about this dividend. Interests rates are going to rise and the banks are pressued by the ESG lobbies to cut lending to the E&Ps.