Peyto Exploration & Development Corp T.PEY

Added some

[winafew]

A bit of an iffy time to be buying stock with all the talk about omicron, inflation, and rising interest rates.

Tough to resist Peyto though:
low cost producer
cash flows should be safe due to hedges
getting added to the index next week
and the 6.6% yield at these prices!

There's been some short term price pressure on ng lately, but winter usually arrives sometime (it sure has in Alberta this week...)

GLTA, "sometimes you need to be greedy when others are fearful"

[TerribleEng]

Always the same with Peyto and Canadian energy in general. We take the stairs up but the elevator down.

[Ozhoks]

Keeps me awake and fit ;)

[uncutgems]

leverage giveth and leverage taketh away. I was stunned, given their precarious recent history, that pey prioritized dividend payout, over debt reduction.