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 houbahopon Jan 26, 2023 4:31am

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Post# 35247074

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

Thanks to the stupidity of natural gas producers having increasing their production as top priority, we will see natgas price trade below $2 in a couple of weeks.
Killing the golden goose with such motivation is so nice to see!

This is probably one of the reason, big money will remain shy in its exposure to this industry.

I wonder how the dividends seekers will react to the incoming situation.
I would not be surprise to see PEY trade below $10. Last time it was trading there, Natgas was trading around $6.50 at HH. Peyto now trades above $13 and Natgas trades at $2.75. When the elastic ruptures, it will be brutal.

For the ones who bought recently for the dividends, pray for some very, very cold temperatures accross NA and Europe! You'll need it.

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