Peyto Exploration & Development Corp T.PEY

Stocks on Sale

[Sukhi19]

BCE, BNS, ENB,,TRP,  PEY, SPB, WCP

[auagntungsten]

BCE for helping deceive Canadians and helping the LIEBERALS needs to fail, trust in the news is gone. All Canadian oil and NG companies will recover  We all have opinions and if we can vote with our money.

[stockmarket1]

Looks like we might be seeing a yield of 10% + once again. I'm ok with that.  Ample cash built up.  G/L. 

[houbahop]

I 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

[GregC24]

The good news is that as the prime rate keeps inching down so does the finance rate on the credit facility leaving more money to pay down the debt.  Every bit helps. 

[stockmarket1]

Yes, I agree with debt pay down with rates falling. And adding to that. A rise in natural gas price will help to solidify the dividend for more than 2 years imo.