RE:RE:RE:RE:RE:Dividend Debate Dumbed DownI believe i responded to the wrong thread with this. My appologies to the OP I am not sure how I confused it.
I am not sure what price the $.60 represents (NYMEX, AECO, HH, a blend per?). suffice it to say that based on historical levels I believe a $2 / GJ range on avergae is what PEY needs to flourish even just a little and I am a Pro-diva at these levels.
Would like to add that I too appreciate the knowledge and expertise that is regularly displayed and freely volunteered by other members of this board.
GLTA
Quintessential1 wrote: Great thread! Congratulations to all of you that are fortunate to be in this kind of position which must be among the top of the first world problems list. It is still nice to see examples of when to hang on for the div or reduce the lost capital of a share price correction.
It really all seems to come down to the belief in the futre value of the underlying commodity and management's ability to earn a profit even when it troughs low. At least here at PEY we really only have the one to worry about even though it does seem to fluctuate a bit based on WTI-WCS but I guess that is just from association.
With the current yield there is really no other stock to trade into. PEY right now has as much potential upside as anything else right now and we get paid handsomely while we wait.
I too wonder about BIR's ability to keep its share price up and conversly its yield low comparitivley to PEY. TE's great explanation of the power of debt leveraging does this a little but still leaves me scratching my head. What I continue to wonder about is whether PEY's heding program is better than riding the commodity highs and lows without hedging like PEY and if PEY will continue hedge when and if debt gets to the level that makes hedging a want and not a need.
GLTA