Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

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Peyto Exploration & Development Corp > DIVI CUT

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Comment by bttmfischeron Jun 13, 2023 4:43pm

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Post# 35494596

RE:RE:DIVI CUT

Why should the BoD of Peyto cut dividends?
The current net profit margin is 25.7 percent;
The earnings per share are up y/y by 20.7 percent;
The current revenue growth rate is 26 percent.

Not only that ,but the principals of the company spent millions of their own
money to buy shares, and sold none.

What is the reason for you to advocate a dividend cut?
Would any sane person think that the numbers quoted above give a valid reason for it?
For the record, I became a shareholder only yesterday, and waiting for the AGM today, to
learn if things are still moving in the same, right direction.

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