RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anyone buying this rally?Even though the dividend yield is high at this moment, very very few people have bought in at less than $2 I would assume.
Dropping the dividend did nothing for any of the other firms price wise I believe.
Paying this dividend consistently for many years is what separates Peyto, and at these low prices gives longer term holders satisfaction of people getting part of the profits.
We need loyal long term investors.
I suspect drilling this year will be only to maintain production. As you say WET gas will be the norm until things change and it won't be again. This is the flexibility of Peyto. If someone happens to be speaking with them in person maybe they can confirm this.
Land prices should continue to be almost free to add key properties they may have their eyes on.
There is no way NG won't be needed in the future, it just depends upon how much is available and at what prices.
Solar and wind only go so far, are still very expensive, don't produce all the time, and are very expensive to store the energy.
If you told people what was happening today in 2005 they would think you were nuts.
I figured out gas prices yesterday at 61 cents per litre, never thought I would see that either, works out to $2.70 approx per gallon, in 1978 I bought gasoline at 85 cents a gallon, with inflation that is about 15% higher priced than today's price inflation adjusted.
Another point is that averaging down allows many to average their cost down to a reasonable level that may end up resulting in profits without having the stock price go back to $30 or $40 per share.
Many will say you are crazy if you think prices will get back up there, but no one thought we would be at where we are at at this moment.
Stay safe.