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Peyto Exploration and Development Corp. (TSX: PEY)

One of the top 10 gas producers and processors in Canada

Peyto is one of Canada’s leading gas exploration and production companies. With output in the first quarter of 2025 of 133,883 boe/d, Peyto produced a 7% increase over the same quarter in 2024, and up from 1,000 boe/d when it was founded 25 years ago. It is also one of the lowest-cost gas producers.


Income Investor

Peyto is the lowest-cost gas producer in Canada. It has a long history of successfully hedged production and is a lower-risk way to gain exposure to the growth of demand for natural gas in North America. With the shares up 45% since being recommended, it remains a Buy for its relatively high and sustainable dividend and growth in output. - Gavin Graham

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PEY was first recommended here on December 23, 2022