Post by
DeanEdmonton on Jun 18, 2024 12:20pm
Good Luck to All Longs
Made some really decent money having bought this in the $1 to $3 ranage back in 2020, recently sold it all off at $15.50. It may well go higher but I think it is going to take quite some time from here. Those of you holding for the divy and more gain, all the best. Thaks to the team at Peyto for a job well done.
Comment by
stockmarket1 on Jun 18, 2024 4:14pm
He'll probably come back and say.... " oh, I don't sign into stockhouse a lot " lol.
Comment by
DeanEdmonton on Jun 19, 2024 2:39am
houbahop - Actually, there are quite a few options. FRU, BCE, Telus, TD and TRP to name just a few. All pay very good, sustainable dividends, and all of them seem to have quite a bit more depressed share price than Peyto. I will give up a percent of dividend for what seems to me to be a solid 10 to 20% share price appreciation over the next while.
Comment by
houbahop on Jun 19, 2024 10:33am
I would not touch BCE. They are financing a large portion of their dividends by increasing their debt. With their $30B debt, I am not sure I can call their dividend sustainable.
Comment by
DeanEdmonton on Jun 19, 2024 11:07am
Forgot, in addition to 2018 and 2019 cuts, Peyto also cut the divy in half in 2020.
Comment by
auagntungsten on Jun 21, 2024 7:47pm
I hold EIT.UN, a fund, Canoe, been getting 10% for 15 years.