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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 Apr 30, 2024 12:28pm
88 Views
Post# 36015082

RE:RE:RE:RE:Huge day for Peyto today

RE:RE:RE:RE:Huge day for Peyto today
stockmarket1 wrote: Yes but I would like to see the debt be reduced more than anything else. FCF is a big thing people talk about when it comes to O& G companies but...debt reduction gives the balance sheet much more strength and security imho. 

It's now past x dividend date and we should not be surprised to see profit taking that's occurring today. Kind of a given actually. It's had a great run as of late. 


Nakate wrote: nice pop if this keeps up they will have to raise the divi




"have to raise divi"

????

Dividends are discretionary.

BoD can reduce dividend as well.


Anyone talking dividend hikes at this juncture shows their lack of basic understanding.
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