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 > DIVIDEND

<< Previous

Bullboard Posts

Next >>

Comment by houbahopon Jan 19, 2024 12:17pm

139 Views

Post# 35836080

RE:RE:RE:DIVIDEND

I sincerely hope you don't base your invesment decisions on analysts words.
It has been obvious BIR would cut its dividend since December's warm weather.
Their dividend was vulnerable since last September.

As for Peyto, history as shown they would keep the dividend at current levels 2-3 quarters past the time where they could not afford it (with increase debt). They have enough hedges to insure enough FCF for the dividends for the next two years.

In other words, they can keep current dividends for the next 2.5 years if they don't go overboard with capex.

<< Previous

Bullboard Posts

Next >>

Thesis Gold makes high-grade discovery at Ring Zone