Post by
svsingh83 on Mar 09, 2023 4:11pm
Dividend
Notwithstanding management's assertion, dividends over 10% are never safe. With NG prices dwindling, divident pay out will pinch more.
I am holding PEY while taking some prpfits today but won't trust them on divi as I have seen it many times before. Management always reassures the shareholders just before the divi cut.
BIR is in same boat.
These names are OK for long term but medium term they will be under pressure.
Comment by
wreckhouse on Mar 09, 2023 6:09pm
Peyto share price will start to climb north as the summer NG prices go up and with the Cascade power project coming on stream . Remember Peyto don't have to pay to ship their gas to the Cascade power plant , a real money maker . My take end of 2024 the divi will increase to .15---.16 cents and the share price around 28---32 dollars . BCRNW
Comment by
Grandcentral on Mar 10, 2023 4:12pm
This is precisely what will happen - the yield is nice and high relative to what is currently a low share price - eventually SP will rise and the yield will be equivalent to ~6%. The dividend itself will not change, only the resulting yield as SP rises.