RE:RE:RE:RE:RE:Finally! A day to buy!! EOMI do not disagree with being fiscally responsible. However, if an investor wants the safety of OXY, Suncor or Touramine, go buy OXY, TOU, SU. Some investors want to get an ROI that actually ends up in the bank account, not a paper gain. Kind of like our houses in Canada that are all up 400% in the last decade. It's not really a gain if you can't monetize it. Even if you sell, where you going to go? Another inflated dwelling.
Peyto offers a tangible ROI and you don't need to wait 10 years hoping the market is favourable when you do need to sell. It's not without risk, but Peyto is offering a ROI. At some point companies need to return the cash to investors and Peyto is delivering in real-time. I have been in Peyto for several years and enjoying the Divi. Maybe they can only afford $0.06 a month in a projected state, who knows, but I prefer this philosophy versus paying ALL the debt down paying a small divi and in 10 years Mr. Market is not happy for a year and the share price is in the gutter when I need to sell.
If anyone is risking 100% or even 25% of the portfolio in Peyto, they should go listen to Buffet- just buy the S&P.
Just my 2 cents, lots more here are smarter than me.
God Bless you all!