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

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Post by NonCredibleSrcon Nov 14, 2023 7:16am

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Post# 35733714

Div payment tomorrow...

I quite find myself wondering what effect, if any, the div payment tomorrow will have.

I tend to re-invest my divs, and I would imagine that many of us do. Stock is back at very near a 10% return for new shares purchased if current price holds - $21 mil in divs being sent out tomorrow - that's enough to completely cover yesterday's volume almost 2.5 times and is 1.5 times the average traded volumes. Will be interesting to see.

While my accounts 'looked' better a few weeks ago, I am pleased as pi$$ to be back in this range so that accumulation makes even more sense long term.

GLTA

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