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Bullboard - Stock Discussion Forum Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

Energy Oil & Gas E&P
Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential. see more

TSX:PMT - Post Discussion

Perpetual Energy Inc > No Comments on TOU $2.00 Special Dividend?
View:
Post by alkhor on Jul 28, 2022 1:16pm

No Comments on TOU $2.00 Special Dividend?

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.
Comment by Oldfart74 on Jul 29, 2022 3:45pm
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.
Comment by alkhor on Jul 31, 2022 10:46am
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 It must have been an outdated statement as I could not find it again but did find an old press release where they had traded most of their TOU for debt reduction.
Perpetual Energy Inc