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 > Is the dividend reliable?

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Comment by Sukhi19on Sep 10, 2024 3:55pm

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Post# 36217252

RE:Is the dividend reliable?

Best option is to write to "Investor Awareness" on their website.
Usually yeilds over 7% are that high because of the risk. When the risk lessens the SP will rise. Usually oil and gas stocks are volatile as they are affected by commodity prices. As of now there is lot of NG world over.

Start with a small postion. Less than 5% of the portfolio.

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