RE:Good Luck to All LongsNice ride Dean.
But where can you find a relatively safe 9% dividend with the cash from your sale?
I expect PEY to trade in the $13-$16 range for the rest of the year. The high dividend and debt level would put a cap on share price appreciation. As long as the Natgas market trades with a strong Contango, Peyto can roll their hedging program at prices that would extend the certainty of future CF and dividends.
If Mr. Market could bring PEY around $13-$13.25, I certainly would make use of the accumulating dividends in my account.