Peyto Exploration & Development Corp T.PEY

Survey (choice #1):

[houbahop]

How about a little survey accross forum members/shareholders on how Peyto should use extra free cash flows in the next two years?

Three choices (choose to Like one of the three):

Choice #1: Keep forecasted capex program, raise of dividend / no debt reimbursement.

Choice #2: Keep forecasted capex program, no dividend raise / maximum debt reimbursement.
Choice #3: Increase capex program, no dividend increase / no debt reimbursement.

[Dumpinvestor]

Choice #2

[GoldStandard41]

I'd go for choice#1 but replace dividends with buybacks. Pey got their fingers broken by fat bankers and scared them so much they couldn't buy under $3. Now they can at least buy under $6.

[sportstermathew]

The way prices are going for PEY it may be under $5 or $4 even in the next few months. I will buy more in the $4 to $5 range, average in. I thought oil and gas prices were up higher today, prices not doing too much but at least in the right direction. Maybe there were other reasons for not buying back shares, need a certain amount of market cap.  Even if you bought back 60 million at a

[GoldStandard41]

Buybacks would be the best for shareholders, if the thesis is that Pey is discounted right now due to cyclical forces. If it's not and truly Pey is not worth $6 then all longs are currently wrong and I should dump it. By the fact of me holding then, the best return on capital for shareholders right now would be buybacks. Reducing leverage means Pey thinks it can't produce positive return

[Yasch22]

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