Post by
7Twiggy on May 09, 2022 10:07am
Dividend increase this week?
Fairly new investor. The one thing I don't like is the low dividend. My other Natural gas holdings pay around 5%. Has anyone seen any discussion re the dividend being raised when quarterly results are announced this week.
Comment by
robert41 on May 09, 2022 10:28am
I hope not ...Debt repayment first 6, 7 ...8 dollar gas seems to me won't be here forever maybe I'm wrong but let's get the debt to zero or close to it then reward shareholders, what other gas companies other than peyto are paying 5%? Thx.
Comment by
PlutusofCrete on May 09, 2022 10:45am
Debt repayment first and then redeem preferred shares next. Dividends can wait....I've been waiting 5 years...happy to wait another 9 months. Good luck team.
Comment by
robert41 on May 09, 2022 11:28am
Agreed ....and no more buybacks seems pointless reducing the float is nice but at these levels does nothing to support share prices I've never liked the buy backs.
Comment by
7Twiggy on May 09, 2022 11:44am
All boats rise in this type of environment. Birchcliff Energy still one of my larger holdings, but sold a few to pick up Pine Cliff which starts to pay a monthly 5.4% annual dividend starting in July. Small company, but also paying off debt like crazy. Holding on to My Birchcliff and Peyto till I see what happens on Thursday.