RE:Increase to Previously Bought Deal Offering to C$175 MAnd the extra 15 percent are probably all sold already. The market has deemed the purchase of Repsols Canadian business to have been a good tuck in for Peyto at a good price.
With cost savings possible and the price paid for the assets, the dividend should be sustainable and the market will likely take this higher over time.
The nought deal was very small.compared to the market value of the company so the fact that there was no share price drop at the end of yesterday was no surprise.
And maybe the bought deal put us on the radar of a few more buyers.
GLTA