Post by
stockmarket1 on Oct 03, 2024 7:52pm
Peytos Oct 3rd monthly news release...
Is now available for reading. This report I thought was excellent. It states the dividend is secure for quite some time. That's due to over $750 millions in liquid hedges for 2025. Cascade power plant seems to be working out well for what is written. And then there is the Repsol unit which is still added.
Peyto should rake in a lot of money in 2025 / 2026. It's forcasted that this winter, we are to get fridgit temps. With rates declining, the debt, hopefully will be paid down more.
That is what I'll be looking for in Novembers earnings report.
Comment by
malx1 on Oct 03, 2024 8:25pm
The debt is really a noose around our necks, with the bank holding the rope. Reduce the debt and risk dissolves.