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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet... see more

TSX:PEY - Post Discussion

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Post by shenty46 on Sep 26, 2022 4:05pm

There

There looks no floor for oil and gas stocks also in this market, cardinal energy with monthly dividend of 6 cents is trading at 6.65 $, giving a yield of around 9 percent.
Comment by Oldnagger on Sep 26, 2022 11:52pm
I have owned Cardinal for a long time and it has been a good dividend play due to its slow decline rates. But if you are investing for the future , there are other better places. Peyto is one , but it does require patience . Meanwhile a 6 % dividend will at least pay the rent while you wait !!