Peyto Exploration & Development Corp T.PEY

Is the dividend reliable?

[Newinvestor4562]

Hello everyone! I am fairly new to investing and I am trying to figure out if the dividend for Peyto is considered safe. Would most people think long-term this is a good hold? I am thinking 5 to 10 years. Thanks in advance.

[Sukhi19]

Best  option is to write to "Investor Awareness" on their website. Usually yeilds over 7%  are that high because of the risk. When the risk lessens the SP will rise.  Usually oil and gas stocks are volatile as they are affected by commodity prices. As of now there is lot of NG world over. Start with  a small postion. Less than 5% of the portfolio.

[rockyride]

Just keep researching to bring up your comfort level. Lot's of good people on this board. My opinon is Pey will surprisr to the upside. Here's another opinion to digest: https://x.com/Kevin_AGraham/status/1832440155686498612 And then there's the sleeper Cascade: Been paying since Sept 1.

[Newinvestor4562]

Thanks a lot rockyride for your response!

[Newinvestor4562]

Thank you very much Sukhi19 for your response, it is appreciated

[Westcoastenergy]

Sukhi, you casually comment that "As of now there is lot of NG world over.".  However, what you neglected to point out is that Canada is not part of the international trade in LNG, where it trades for 10x the price Canadian NG producers currently get.  This gap will narrow once LNG Canada comes on stream and hopefully narrow further once more LNG export facilities are built in

[Dadsaid2]

Ive heard 3-4 investment advisors say the current dividend is safe for at least 2 years.  While oil prices have dropped from $75 to 65 the gas price has stayed well above $2 (2.23 today on BNN) which is very important to PEY.  They are a heavy gas play.  I forget the percentage but l think it was 80%  (or more) gas vs oil.  So l watch the gas price as l watch PEY. 

[John14v3]

Is the dividend reliable? That is the most hotly debated and controversial subject on this board. A great question and no shortage of opinions.  Depends on your definition of reliable. If anyone sat on the sidelines for last couple years during the debate, they would have missed out on a great dividend. It has been reliable so far. In my option, as a new investor the dividend becomes

[Newinvestor4562]

Thanks a lot for your input John14v3, it is appreciated

[Newinvestor4562]

Thank you for your input Dadsaid2, it is appreciated!

[Dadsaid2]

I forgot to mention (which should be obvious to most) when the oil price drops, PEY share price usually drops as well even if the NGas price doesnt fall as much.  This presents a nice buying opportunity (dips) to start adding.  I bought 700 at $13.75 the other day when oil went below 65.  Even though some on this board say PEY could go below 13.  Again this is my decision. 

[stockmarket1]

Nice move! It's up nicely today. I believe 2025 will be a good year for Peyto. And yes, buying on days of decline are a bonus, especially when we have a high return dividend that Peyto offers.  Sometime in 2025 share price....$16+ ??