RE:RE:man did they just "step in it" again?I've got cash to buy more but with the anticipation that Peyton shares will go below $10. So, I've been on the sidelines for a couple of weeks now. I can easily average down, but, I'm in no rush to buy more at today's level ( $12). I'll enjoy the monthly dividend from this point on and wait it out.
houbahop wrote: There is a huge gap between what Peyto claims and what they actually do.
Don't trust their words.
About a year ago, DG claimed they would reduce debt by $350m by the end of 2022.
Reality is they will have reimbursed $200m.
Also, at the end of 2021, they guided for a capex budget of $350 to $400m per annum for the next 3-4 years.
Reality is, capex + acquisitions totalled an estimated $540m for 2022 and they are now guiding $450m for 2023.
Adding the stupidity of raising the monthly dividend from .05 to .11, it looks like they are suicidal. Shareholders will again pay for this lack of "living within your means"!
Now that the dividend seekers are loaded with Peyto shares, the next months will be rocky.
Wouldn't be surprised to see PEY trading below $10.
Wonder how these analysts see the dividend safe when Peyto sells its Natgas at .60.
Bunch of clowns, lol!