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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Brendan W who wrote (26675)5/9/2007 10:27:44 AM
From: Paul Senior  Read Replies (2) | Respond to of 78516
 
Canroy Peyto has also had a nice move recently.

I read the presentation. They claim to show their payout is more sustainable than competitors'. OTOH, though, that yield is (after tax witholding and adjust for Canadian dollar) "only" about 6.9% currently.

"Peyto believes that the foundation for sustainable distributions comes from long life, high quality reserves combined with a business of profitably finding and developing new reserves. Our business remains committed to this strategy and our asset base continues to lead the industry in reserve life and operating costs."

finance.yahoo.com

I'll take a few shares now of PEYUF to track. A little late to be buying now perhaps, because the stock already has made a decent move since March and has recovered from the Nov tax change debacle affecting Canroys. Nevertheless, if the dividend is well-protected vis-a-vis other Canroys, and IF Peyto can/will increase it over time while others' might be declining, that is a positive for future Peyto stock appreciation. (Maybe and IF)