Peyto Exploration & Dev. (PEY.TO) Update - Jan 28
Posted: Tue Jan 28, 2025 10:41 am
My updated forecast/valuation model for Peyto has been posted to the EPG website. My current valuation is $21.00Cdn.
Peyto (PEYUF in the U.S.) is a Canadian Gasser. Thanks to it very good hedging program, it has been able to remain free cash flow positive in 2024. Cash settlements received on their hedges were $61.2Cdn million in 2023 and $238.2Cdn million during the nine months ending 9-30-2024.
Their 2025 D&C program should increase production by 8% to 10% and push free cash flow over $300Cdn million this year.
Solid balance sheet and lots of Running Room. Dividend yield is 8.6%. Dividends are paid monthly.
Peyto has moved up to #7 in Harry's ranking of 84 energy companies.
Peyto (PEYUF in the U.S.) is a Canadian Gasser. Thanks to it very good hedging program, it has been able to remain free cash flow positive in 2024. Cash settlements received on their hedges were $61.2Cdn million in 2023 and $238.2Cdn million during the nine months ending 9-30-2024.
Their 2025 D&C program should increase production by 8% to 10% and push free cash flow over $300Cdn million this year.
Solid balance sheet and lots of Running Room. Dividend yield is 8.6%. Dividends are paid monthly.
Peyto has moved up to #7 in Harry's ranking of 84 energy companies.