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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 malx1on Mar 07, 2024 8:05pm
183 Views
Post# 35921773

RE:No problem 😉 with divy and maybe increase it??

RE:No problem 😉 with divy and maybe increase it??
Singoa58 wrote:

We stand by that dividend: Peyto CEO

Jean-Paul Lachance, president and CEO of Peyto Exploration & Development, joins BNN Bloomberg to talk about its dividend amid weak natural gas prices. Last week, TD questioned the sustainability of the payout, but Peyto's CEO insists that the company's hedging and diversified source of revenue means it can cover 11 cents per month.

 


Oh, you mean all the guys once complaining about the "Hedge Book" have stopped talking?

Maybe Singoa58 knows a little something about stability of cash flows.

Fascinating stuff.


Cats are living with dogs as the stock defies even the most expert Natgas experts.
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