PEYUF Stock Recent News

Peyto reported a profit. Most natural gas producers are losing money right now (particularly dry gas producers). The robust hedging program has contributed to both revenue and profits over time.

CALGARY, Alberta, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to August 2024 of $0.11 per common share is to be paid on September 13, 2024, for shareholders of record on August 31, 2024.

Peyto Exploration & Development Corporation (OTCPK:PEYUF) Q2 2024 Earnings Conference Call August 14, 2024 11:00 AM ET Company Participants JP Lachance - President and CEO Tavis Carlson - VP, Finance Riley Frame - VP, Land and Business Development Todd Burdick - VP, Production Conference Call Participants Aaron Bilkoski - TD Cowen Chris Thompson - CIBC Operator Good day and thank you for standing by. Welcome to the 2024 Second Quarter Peyto's Financial Results Conference Call.

CALGARY, Alberta, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to report operating and financial results for the second quarter of 2024.

CALGARY, Alberta, July 15, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to July 2024 of $0.11 per common share is to be paid on August 15, 2024, for shareholders of record on July 31, 2024.

Peyto is well-positioned in the gas market with a strong hedging strategy securing a high dividend yield of 9%. Production growth is on track with a target of ~160k BOE/D in 2028, supported by the acquisition of Repsol assets and smart drilling. PV15 valuation suggests a potential 35% upside in share price, with risks including volatility in gas prices and operational challenges.

CALGARY, Alberta, June 10, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto" or the "Company") is pleased to announce that it finalized an agreement with its syndicate of lenders to extend its $1 billion revolving operating facility (the "Revolving Facility") and its amortizing term facility (the "Term Facility"). The maturity dates of the Revolving Facility and the Term Facility have been extended to October 13, 2027, and October 13, 2026, respectively, from October 13, 2025. The amended Term Facility maintains the same $14.5 million per quarter amortization schedule but removes the $72.5 million lump-sum payment that was due on October 13, 2025, in the prior agreement.

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX – PEY) ("Peyto") is pleased to announce that the nominees listed in the information circular – proxy statement dated April 4, 2024 were elected as directors of Peyto at Peyto's annual meeting of shareholders (the "Meeting") held on May 22, 2024. The detailed results of the votes for the election of directors, the appointment of auditors and the advisory vote on executive compensation held at the Meeting are set out below.

CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto") confirms that the monthly dividend with respect to May 2024 of $0.11 per common share is to be paid on June 14, 2024, for shareholders of record on May 31, 2024.

Peyto management reveals important details about the acquisition that were not initially highlighted for shareholders. The acquisition is a bolt-on with high-quality acreage that Peyto management has long wanted. The acquisition will lower costs, increase profits, and provide insulation against weak natural gas prices.