Peyto Exploration & Development Corp T.PEY

Predictions for Thoughts on Next Dividend Increase

[nhellofaguy]

I would be interested in hearing about peoples estimates/thoughts on Peyto's next dividend increase.  It currently pays a healthy $ 0.05  per month.  My personal estimates are that Peyto will increase in November 2022 or at least announce an increase and it will go to $ 0.07 per month on the conservative side to $ 0.10 per month on the way over-optimistic side.  Conservative - rational -pay down debt more or earnings not as high as had hoped for.

Would love to hear your thoughts of when and how much and why for the dividend.

[Yasch22]

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[MikeySwoosh]

I'd much rather see Peyto pay down the remainder of the revolver, given where interest rates are heading, before entertaining another dividend hike. Their fixed debt sits at ~$415M, so there would be a ways to go, but I think prudence is the name of the game given inflation and the nature of commodity prices and sentiment right now. I sold some Birchcliff puts to hedge against the royalty