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Bullboard - Stock Discussion Forum Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Petrus Resources Ltd. is a Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has an inventory of low-risk oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. The Ferrier is a liquid rich Cardium gas play. North Ferrier... see more

TSX:PRQ - Post Discussion

Petrus Resources Ltd > This is good to hear…
View:
Post by topdop on Nov 08, 2024 7:32am

This is good to hear…

In its 6th Nov. PR announcing Q3 results, and near the end, PRQ stated:

"The Company is well-positioned to continue its monthly dividend payments. As always, Petrus will closely monitor market conditions and is prepared to adjust its capital program as needed, guided by its commitment to delivering sustainable returns to shareholders."

Its pretty clear; if the balance sheet gets stressed, first port of call is Capital expenditures. 

Gray siblings are very clearly stating continuance of Divvy.

= good

= agreed

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