RE:RE:Q3 stockmarket1,
I agree with your overall perspective on Peyto Hedging under current Ngas pricing environment and also that "Repsol is working out very well".
I notice that in rapid initial review you may easily have missed the statement under “Outlook” that :
"Over the balance of 2024, the Company expects to reduce net debt despite a challenging natural gas price environment."... this I find somewhat (necessarily) reassuring, since the Q3, 2024 payout ratio has jumped to 125% while the 9 months ended Sept. 30, 2024 is at, for me, an uncomfortable 105% payout ratio:
Q3, 2024.................... 9 Months ended Serpot 30, 2024
Dividend $64.707 Million $193.229 Million
Capital Exp. $125.869 M $340.082 M
Decommis. Exp $2.013 M $6.610 M
Total Payout $ 192.589 Million $539.921 Million
Funds from Ops $154.343 Million $513.802 Million
Total Payout Ratio 125% 105%
Peace,
Good Decision-making to All,
ElJ