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

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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

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Peyto Exploration & Development Corp > No problem 😉 with divy and maybe increase it??

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Post by Singoa58 on Mar 07, 2024 6:06pm

No problem 😉 with divy and maybe increase it??

We stand by that dividend: Peyto CEO

Jean-Paul Lachance, president and CEO of Peyto Exploration & Development, joins BNN Bloomberg to talk about its dividend amid weak natural gas prices. Last week, TD questioned the sustainability of the payout, but Peyto's CEO insists that the company's hedging and diversified source of revenue means it can cover 11 cents per month.

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Comment by stockmarket1 on Mar 07, 2024 6:40pm

I know it's a different company etc but.... A Marino -- ex Vermilion energy CEO --- was pounding the table for quote some time saying the dividend would not be cut. WELL, we all know how that worked out if ur aware of Vermilion energy. Whenever CEOS are too confident on some issue....that concerns me....Just saying....

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Comment by malx1 on Mar 07, 2024 8:05pm

Oh, you mean all the guys once complaining about the "Hedge Book" have stopped talking? Maybe Singoa58 knows a little something about stability of cash flows. Fascinating stuff. Cats are living with dogs as the stock defies even the most expert Natgas experts.

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Peyto Exploration & Development Corp