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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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).


TSX:PEY - Post by User

Comment by NonCredibleSrcon Sep 18, 2023 10:32am
184 Views
Post# 35641280

RE:RE:RE:Is today a last chance opportunity?

RE:RE:RE:Is today a last chance opportunity?Not a recommendation, but my math says that with today's SP value, interest rates, and yield, a fully margined account with PEY only will net about $0.002049 per day per share held.

Standard interest rate (8.75%), single share of PEY ($6.53 margin), you net $0.75 per year ($0.57 interest paid, $1.32 in div earned). Multiply that times 10, 50, or 100 thousand...

Of course, if you purchased PEY when the yield was higher, you will net more. Similarly, if you have a high enough account balance to gain an interest rate reduction, or are invested via a different group with reduced rates you will also yield more.

In addition, to address the question by malx1, my corporate business account also holds a considerable amount of PEY.
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