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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 equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Comment by John14v3on May 22, 2024 10:53pm
123 Views
Post# 36053259

RE:RE:RE:RE:RE:Finally! A day to buy!! EOM

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!
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