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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol... see more

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Div payment tomorrow...
View:
Post by NonCredibleSrc on Nov 14, 2023 7:16am

Div payment tomorrow...

I quite find myself wondering what effect, if any, the div payment tomorrow will have.

I tend to re-invest my divs, and I would imagine that many of us do. Stock is back at very near a 10% return for new shares purchased if current price holds - $21 mil in divs being sent out tomorrow - that's enough to completely cover yesterday's volume almost 2.5 times and is 1.5 times the average traded volumes. Will be interesting to see.

While my accounts 'looked' better a few weeks ago, I am pleased as pi$$ to be back in this range so that accumulation makes even more sense long term.

GLTA
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