Peyto Exploration & Development Corp T.PEY

Good Luck to All Longs

[DeanEdmonton]

Made some really decent money having bought this in the $1 to $3 ranage back in 2020,  recently sold it all off at $15.50. It may well go higher but I think it is going to take quite some time from here. Those of you holding for the divy and more gain, all the best. Thaks to the team at Peyto for a job well done.

[Westcoastenergy]

Posts like this make me laugh.  Had you posted on the day you sold, it might have been more credible.  Posting week(s) after, making yourself look brilliant and prescient, takes away all credibility.  It may have been true, but I doubt it.  Good luck.  Gas companies are a tough hold right now, but lots of upside in the future, and the dividend keeps everyone happy in

[stockmarket1]

He'll probably come back and say.... " oh, I don't sign into stockhouse a lot " lol. 

[DeanEdmonton]

West and Stock - kind of odd commentary. What I posted has nothing to do with the recent drop, Peyto is up and down by $3 and $4 bucks in relatively short time frames, all the time. If I was prescient I would have sold at $15.99, or better yet at its highs in 2022. Point is, I managed to buy between 1 and $3 so whether I sold at $13, $14, or $15 I am still a pretty happy camper. I hope it pops to

[houbahop]

Nice 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

[DeanEdmonton]

houbahop - Actually, there are quite a few options. FRU, BCE, Telus, TD and TRP to name just a few. All pay very good, sustainable dividends, and all of them seem to have quite a bit more depressed share price than Peyto. I will give up a percent of dividend for what seems to me to be a solid 10 to 20% share price appreciation over the next while.

[stockmarket1]

Out of the ones you mentioned. TD and FRU have really caught my interest for a while now. BCE, although an attractive divy yield. I'm just not sure how much growth the Telcos have here in Canada. Migrational increase yes but....I'm still on the fence on this. FRU, I have no idea as the why it's lagging. And TD...I have no doubt they'll bounce back at some point. I'm just

[houbahop]

I would not touch BCE. They are financing a large portion of their dividends by increasing their debt. With their $30B debt, I am not sure I can call their dividend sustainable.

[DeanEdmonton]

Houd - BCE dividend track record versus Peyto, big cut in 2018 and another big cut in 2019. BCE has never cut its dividend, it might in the future, but so far it hasn't. It also has a lot of levers it can pull to reduce costs and it has at least some pricing power.It is however just one example, if not comfortable with that one there are lots of other choices. Peyto's payout is very

[DeanEdmonton]

Forgot, in addition to 2018 and 2019 cuts, Peyto also cut the divy in half in 2020.

[houbahop]

I know to well Peyto's story since I am a shareholder since 2007. And yes, they took horrible decisions in 2017 and 2018: - Bad basis deals, - AECO exposure - Too aggressive capex program - Hedging a pile of production under $2.50/GJ - Financing dividends with debt, etc. I expect the Board of Directors to have learnt from their mistakes. If I see they have not, I will reduce considerably my

[auagntungsten]

I hold EIT.UN, a fund, Canoe,  been getting 10% for 15 years.