Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It 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 Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.

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Peyto Exploration & Development Corp > Did No One Notice Dividend Went from .05 to .11 a Month

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Comment by stockmarket1on Jan 26, 2023 12:20am

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Post# 35247001

RE:RE:RE:RE:RE:Did No One Notice Dividend Went from .05 to .11 a Month

As I write this the price of Nat Gas is below $3 !! Like you, I'm beginning to wonder if PEY pulled the trigger too early with the hefty monthly dividend increase. Geez, I dunno.

gold_diggers1 wrote:
John14v3 wrote:
I don't think it's possible to analyze a dividend increase more than this board has...it's possible the board may have squeezed another bi-weekly divi out by talking about it, check your accounts.

My original thought was just wait until the finically websites starting picking up on this divi increase. It will start to get more and more visibility.

God bless you all!

With NG price tanking, has PEY's BOD overlooked and hence increased dividend payout prematruely to .11/month ($1.32/year) ? i.e. is it sustainable? The market seems to think Not Sustainable with the current NG price?!
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GLTA