Post by
houbahop on Apr 29, 2024 4:54pm
Huge day for Peyto today
Up $0.48 despite being an $0.11 ex-dividend day!
The 24'Q1 report will be released soon (May 14th).
I would not be surprised to see FCF above $105k and debt reimbursement above $70k.
Mrmomo, any call on Peyto's Q1 FCF?
Comment by
malx1 on Apr 29, 2024 6:00pm
Is that despite all the whining and complaints about hedging? Interesting.
Comment by
Nakate on Apr 29, 2024 8:35pm
nice pop if this keeps up they will have to raise the divi
Comment by
malx1 on Apr 30, 2024 12:28pm
"have to raise divi" ???? Dividends are discretionary. BoD can reduce dividend as well. Anyone talking dividend hikes at this juncture shows their lack of basic understanding.
Comment by
malx1 on May 01, 2024 11:25am
Too much debt. As free cash flows grow, PEY is best to allocate the surplus to debt reduction. Dividend was already overextended after they took it above $0.06/mo. If team has respect for the company, they will deleverage. Recessions happen. The children posting here can't handle their shares falling back under $10. Way to avoid that is debt reduction.