Q: On Jan. 22 you wrote, "The 12-month payout ratio is 28%, and PEY is in good financial shape." On Feb. 14 you wrote, "BUT...its nine-month 2023 payout ratio was 101%. Its balance sheet is OK."
I am confused by these seemingly contradictory statements. Can you please clarify regarding the payout ratio and the health of the balance sheet?
It seems as if I am a bit of a sucker for high yields and have been burned by Birchcliff in 2023 (though still a holder), and do not want to suffer the same fate with my recent purchase of Peyto.
Thank you as always for your expertise.
I am confused by these seemingly contradictory statements. Can you please clarify regarding the payout ratio and the health of the balance sheet?
It seems as if I am a bit of a sucker for high yields and have been burned by Birchcliff in 2023 (though still a holder), and do not want to suffer the same fate with my recent purchase of Peyto.
Thank you as always for your expertise.