RE:RE:And in 1 yearYour posts lately are completely irrational so as to affect any credibility you have on this board. You sell shares, no you have never sold a share, you are always adding and now you say you will sell because the shares have been struggling. Most of your posts you seem to want a pull back to buy more.......In retrospect, it all seems like drivel.
Yes, there was a sell off in the last couple of days of all energy shares across the board, but to say PEY has been struggling is a massive overstatement. From what I can tell looking at the charts, it hit a 52 week (in fact 5 year) high just two weeks ago. All of my energy holdings are lower in the last two weeks, such are the ebbs and flows of commodities.
Maybe I am a fool, but I have held PEY since mid 2020, have never sold a share and continue to reap incredibly profitable dividends, currently at over 8%, all the while, the stock has massively appreciated over the last 5 years.
No doubt gas pricing has struggled and the future seems to get murkier daily, but PEY has a great hedging strategy in place and cements in bottom line revenue. PEY will only look bad if gas prices spike, but then they also will reap the upside on their unhedged production. Either way, it is a win/win going forward.
Unless there is a big surprise in forthcoming financials, this continues to be a very solid holding. Not for the faint of heart though. Energy never is.