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Bullboard - Stock Discussion Forum Perpetual Energy T.PMT

Alternate Symbol(s):  PMGYF

Perpetual Energy Inc is an oil and natural gas exploration, production, and marketing company headquartered in Calgary, Alberta. The company's portfolio includes liquids-rich natural gas assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in eastern Alberta, with longer term opportunities through undeveloped oil sands leases in northern Alberta. It derives key revenue from the sale of oil and natural gas.

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Perpetual Energy > No Comments on TOU $2.00 Special Dividend?
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No Comments on TOU $2.00 Special Dividend?

alkhor (117) | July 28, 2022 01:16 pm

I believe PMT has 13MM shares of TOU, meaning a cash input of $26MM to PMT. This is actually quite big, representing a $0.40 a share. Not showing it in tadays trading.

RE:No Comments on TOU $2.00 Special Dividend?

Oldfart74 (123) | July 29, 2022 03:45 pm

alkhor wrote: I believe PMT has 13MM shares of TOU, meaning a cash input of $26MM to PMT. This is actually quite big, representing a $0.40 a share. Not showing it in tadays trading.

I suggest you do some research before posting incorrect information. A review of PMT financials indicates that PMT owns zero shares of TOU. The market value of 13 MM shares of TOU is over a billion dollars - consequently I consider your statement to be somewhat misleading.

RE:RE:No Comments on TOU $2.00 Special Dividend?

alkhor (117) | July 31, 2022 10:46 am

My apolgies, I saw the number in one of the financial statements and was going for memory. It must have been an outdated statement as I could not find it again but did find an old press release where they had traded most of their TOU for debt reduction.