Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2020 and Approves 2020 Capital Budget
December 13 2019 - 5:00PM
Peyto Exploration & Development Corp. (TSX: PEY) ("Peyto")
confirms that the monthly dividend with respect to December 2019 of
$0.02 per common share is to be paid on January 15, 2020, for
shareholders of record on December 31, 2019. The ex-dividend
date is December 30, 2019.
Dividends paid by Peyto to Canadian residents
are eligible dividends for Canadian income tax purposes.
Peyto has also finalized its 2020 budget and the
Board of Directors has approved the $250-$300 million 2020 capital
program as previously described in the third quarter 2019 press
release. The capital program is expected to be funded entirely from
free cashflow but Peyto will ensure it remains nimble with the
ability to react to changing commodity prices and the global
economic environment.
Shareholders and interested investors are
encouraged to visit the Peyto website at www.peyto.com to learn
more about what makes Peyto one of North America’s most exciting
energy companies. The website also includes the President’s
monthly report, which discusses various topics chosen by the
President and includes estimates of monthly capital expenditures
and production. For further information please contact:
Darren Gee President and Chief Executive Officer
Phone: (403) 261-6081 Fax: (403)
451-4100
Certain information set forth in this document,
including management's assessment of Peyto's future plans and
operations, contains forward-looking statements. By their
nature, forward-looking statements are subject to numerous risks
and uncertainties, some of which are beyond these parties' control,
including the impact of general economic conditions, industry
conditions, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, competition
from other industry participants, the lack of availability of
qualified personnel or management, stock market volatility and
ability to access sufficient capital from internal and external
sources. Readers are cautioned that the assumptions used in
the preparation of such information, although considered reasonable
at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements. Peyto's actual results, performance or
achievement could differ materially from those expressed in, or
implied by, these forward-looking statements and, accordingly, no
assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of
them do so, what benefits that Peyto will derive therefrom.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
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