RE:RE:Stocks on SaleI am confident PEY will trade in the low $13 in the coming weeks.
The Oil & Gas sector is under pressure and opportuntiies to buy shares of quality companies on the cheap will show up.
10% yield return, safe for at least two years is not easy to get nowadays.
The only downside risk is on the capex vs debt reimbursement decision process.
Debt needs to be lowered because it represents a risk for the rich dividend policy.
Capex disbursement to generate production sold under $2/mcf at the margin (non hedged) is not as efficient as reducing debt when you have a big pile of it that may snap on you in the future.