Most important sentence This is the most important sentence in the q3 release.
The proposed 2022 capital program would require all five currently operating drilling rigs to execute continuous operations across Peyto’s deep basin core areas and is projected to be funded from less than half of Peyto’s total cashflow, leaving significant free cashflow available for debt reduction and dividend payments.
Capex = $350-400 million
Cash Flow = $700-$800 million.
Dividends = $100 million
What are they going to do with the remaining $250-$300 million?
They are generating FCF of $500 million per year. Sustaining capex is $250-300 million.
Shares will double or triple this year.