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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp > $15.2 to $ 11.89

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Comment by stockmarket1on Dec 10, 2023 4:55pm

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Post# 35777043

RE:RE:RE:RE:RE:RE:RE:RE:RE:$15.2 to $ 11.89

We just need Nat Gas prices to rev upwards again above $3 soon. That would calm wates if we see that.

Anyone know what the " break - even " price of Nat Gas for the dividend to be safe? Or the threshold price, per say?

Quintessential1 wrote: LOL. Well I guess I brought it up but Q4 comes with YE results and that should always trigger a review of the dividend level and sustainability...shouldn't it?

I personally feel that the dividend is more than adequate and that if there is excess FCF management should concentrate on paying down debt or and I am sure this will start another debate, buyback shares. I think at 10,11,12% that buybacks might be a better use of cash than paying off debt but thats up to management and with no NCIB in place not likely to happen. Why they don't put an NCIB in place, even just to have the tool in the box in case of black swan events (I think all companies should if it costs nothing if not used.), is beyond me but they don't which signals that buybacks is not even on their radar.

After they wrestle debt down and get costs in hand then a dividend increase may be warranted. I only brought it up because it will probably happen after excess FCF grows significantly which should also reflect a share price rise as it did the last time it was raised. I think I made it clear that I believe the yield is more than safe and have no problem investing more.

GLTY and all

OGInvest0r wrote: Is there talk of another div raise in the future?