RE:Earnings report..Long-term Peyto investors can very well recall the dark, challenging days in the region of $1 per share, accompanied by Debt Covenant issues and over ambitious growth strategy. A "rewarding glow" comes with the extract below from the Q3, 2023 report which is clearly worth both serious consideration and appreciation:
"This past October marks the Company’s 25th anniversary. During the past 25 years Peyto has invested $7.6 billion into the development of Alberta’s natural gas resource plays, contributing approximately $1 billion to Alberta royalty coffers, generating $3.3 billion in earnings, of which $2.8 billion was returned to shareholders in distributions and dividends. One thousand dollars invested in the Company in October 1998 would have generated a cumulative total return of approximately $500,000 (inclusive of share price appreciation, distributions and dividends). This enduring performance has proven that the Peyto strategy continues to be successful,
Peace,
Good Decision-making to All,
ElJ