Peyto Exploration & Development Corp T.PEY

Taking some very healthy profits from my long term position

[houbahop]

It has been a while since I wanted to sell some $16.xx
PEY is still 15% + of my portfolio.

[topdop]

Caution: macro says dont go too early. This kind of chart is often the first, clear & "safe" ENTRY POINT for Pros. & Instos.

[houbahop]

Oh Yeah, very aware of this. There is absolutely no sell signal at these levels. Simply too many PEY in my book. I was lucky to add more on top of an already PEY bloated portfolio last Thursday before ex-div date. Technically, we are on a brakeout since $15.25.

[malx1]

Luck or skill? That fact you chose PEY over O&G peers suggests skill. Your housekeepers can discuss the housekeeping...   people here want to know your reasons for remaining a long-term shareholder.

[stockmarket1]

I agree. I sold a small amount the other day and now I'm holding onto what I have which is still an adaquite amount. Both WTI and nat gas still, imho, have more upside. A few Peyto Analysts have a price target of $17 and above. If we hit $17 + then I might be convinced into selling off more. But, gotta like that dividend Pey pays. Hard to walk away from that.  Anyone have any idea if

[meritmat]

Tempted to put a stop Loss at 16.  Heck of a ride up 

[malx1]

Thanks for bringing this spinoff from TRP to our attention. Assets look phenominal, this is one I would buy if it were to correct downward. US presidential election outcome and Canadian federal election outcome will impact demand for this co. https://cdn.prod.website-files.com/660c776204e3cec73ea12e3b/66fb44ed58bcbd96a31f7d0d_sb-corp-presentation-oct-2024.pdf Looks like South Bow will be a

[stockmarket1]

Even if the share price doesn't grow all that fast but the dividend is solid and firm. Looks like I may buy into SOBO when it pulls back. I'm hoping it pulls back.  The only thing that concerns me right now buying anything in the energy sector is --how much of this middle east conflict is being factored into these energy shares? 

[malx1]

That's what presents the diffiuculty... Predicting the intensity and duration of this ME war. Could be world war 3, could be snuffed out by American interests. My guess is that this drags on until Israel feels they have sufficiently punished Iran. May also be cover for major attack on all Iranium uranium enrichment facilities. Impossible to know. $150 oil will trigger global depression

[stockmarket1]

Should the war presist and by your comments. I think energy ( WTI and Nat Gas ) shares are the place to invest in imho. 

[malx1]

Stockmarket1 - fundamentally speaking, yes, some of these co's will be in good health and paying down debt.    There's a case to be made for re-rating share prices to 8x cash flow, maybe more for the hi quality operators.      With that said, we have decades of negativity still fighting against O&G investments and that won't change until some businesses

[malx1]

houba - your personal portfolio rebalancing is not of value to PEY longs. Share some info that is company-specific or industry-specific. This is a commodity bull run, not the portfolio admin channel.

[houbahop]

You are right, malx1. Sorry to have offended you. On the other hand, I encourage you to participate in the positive way you are suggesting on this pretty quiet forum.