Peyto-Canadian Gasser

[ChuckGeb]

Peyto is currently $11 US. Very transparent company with lots of info at Peyto.com. 2023 monthly dividend equates to 9% yield.

2023 Dividend Increase
Profit margins over the past 12 months have returned to historic levels of greater than 30%, and with the current futures strip, are anticipated to continue to increase. Peyto will maintain its ongoing three-year hedging practice to ensure a large portion of revenues for future years are fixed which secures funding for planned debt repayments, dividends and capital programs. The Company anticipates that approximately half of forecast profits for 2023 will be retained to reduce indebtedness, while the remainder will be paid to shareholders as dividends. In keeping with this strategy, the Board of Directors of Peyto is pleased to approve a monthly dividend of $0.11/share starting in January 2023 for shareholders of record as of January 31, 2023 (ex-dividend date January 30, 2023) and paid on February 15, 2023. This new dividend represents a 120% increase over the current $0.05/month dividend.

[Fraser921]

Thank you for this. I like alot of Canadian energy. Just nibbled at TVE Tamerack yesterday

[aja57]

Worth looking at. Great hedges..
https://twitter.com/BobBarrett1519/status/1743354475329569075