Peyto Exploration & Develop. (PEY-T)

Has good exposure to nat gas; he's a nat gas bull. They bought a fine company last year just as they smartly hedged natural gas. So, there's upside ahead. Pays a sustainable 6.9% dividend yield, which he expects to rise in June 2026 possibly to 8%.

Great company and dividend. Rather risky, riskier than GEI. Q4 was in line, operating costs down 8%, production up. 2025 calls for 6% production growth. A 10% tariff is, really, peanuts. Will be helped by better decisions in building out Canadian infrastructure.

EPS of 39c slightly beat estimates; revenue of $310M was 1% short of estimates. EBITDA of $502M was much higher than expected. Capex is still seen at $450M to $500M. Production of 133,426 b/d beat estimates of 132,943 b/d. Production rose 11%. Consensus calls for very good growth in 2025 as natural gas prices have already improved nicely. We are comfortable with the numbers and the stock remains very cheap.
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Still likes it. Juniors are cheap, good value. If things really get going, it'll do well. If things don't get going, not too much bad will happen as it's cheap.

Will benefit along with others from LNG Canada. But it's dry gas, so not as much optionality. Lowest-cost producer around. Has no issues with the name, but depends what you're looking for. Other names she likes more.

She owns ARX, which is more wet gas. You get the NGL plus the condensate. Long reserve life of assets.

Pays a dividend of 8.1%, good for income. While energy stocks have been sideways this year, Peyto moved up. A great chart, and a leader in energy.

He's bullish on nat gas, with the proviso that it depends on the weather (always the Achilles heel). Lots of positives:  AI, data centres, US doubling LNG export capacity between now and 2030. Really good acquisition recently -- a natural fit, bringing down costs, hedged price of nat gas. 

Trades at material discount to US peers. Several decades of inventory. Not as torquey as other names. Yield is 7.8%, happy to earn in his income fund and write calls on it.

Believes company has room for price appreciation. Weak natural gas prices have put pressure on share price. Hedged into 2026/27. Believes dividend is safe. Balance sheet is strong. Would recommend holding. If natural gas prices rise - share price will head upwards. Good management team. 

Owns shares in income fund. Good dividend yield at ~9%. Believes dividend is safe. Hedging strategy very strong. Even with low natural gas prices, company will be ok. Trades at premium, but good for income oriented investors. 

Investing is about yield and capital appreciation, not one or the other. Not expensive, but not cheap. Has no edge, nothing to make him think the business will be better in a few years. You're guessing on commodity prices, and that's not his game.

Likes it for the dividend. Stock's done well. Grinding down costs. Hedged next 2 years of nat gas at very strong pricing. He's bullish on nat gas. Yield is 9%, very sustainable going forward for income. If adventurous, you can write calls.

He owns it for the yield and a juicy call premium. Really strong hedge position, protecting them through this period of weakness. Leverage to nat gas in 2025-26. Very strong balance sheet. Minimal upside potential of 10-15%. Yield is 9.1%, sustainable.

A high, safe dividend. Shares have been sideways, but it's historically traded cheaply

Long term - is bullish natural gas (better than coal for carbon). Commodity linked company can present risk in terms of investing. Would buy if at the bottom of natural gas cycle. Divided yield can also be risky with low natural gas prices. Would recommend a small position if interested. 

Dividend of 12% is safe and managers are great. They're making capital investments to sustain production. Shares have been effected by weakness in natural gas prices.