Peyto dividendsThere seem to be a lot of unhappy campers on this board because Peyto pays a bigger dividend than they think prudent.
I probably have more invested in this stock than most of you (currently down over $44,000 on my investment, though I picked up a bit more this week at $17.99). I'm not too worried as long as they continue to be profitable.
They do have the option to cut the dividend, which would likely result in a pop in share price, but they may never have to. Natural gas inventories have fallen below the five year average over the past three weeks. Companies are cutting their budgets for 2018, coal-fired electricity is being replaced in part by natural gas-fired production, and demand for electricity will only rise as more electric autos come online.
It's no fun to read all this negative stuff. Hang in there and enjoy the ride back up! Good luck to all!