Peyto is one of Canada’s leading gas exploration and production companies. It’s the fifth-largest Canadian producer with output of 635 MMcf/d and the tenth largest gas processor (970 MMcf/d). Peyto owns and operates 99% of its production and 12 gas processing plants. It is a pure play Alberta deep-basin producer with a long reserve life (9 years proven and developed, with 25 years potential). Petyo is also the lowest-cost producer, with costs of $1.25 mcf equivalent ($7.03 barrel of oil equivalent) total cash costs in 2021.
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PEY was first recommended here on December 23, 2022