Peyto is one of Canada’s leading gas exploration and production companies. With production of 123,000 Boe/d so far in 2024, it is one of top-10 gas processors. Peyto has increased its gas production from 1,000 Boe/d when its was founded 25 years ago to its present level and is one of the lowest-cost gas producers.
Income Investor
Peyto continues to deliver growth in production while remaining one of the lowest-cost producers in Canada. Its hedging program gives good visibility on revenues into 2026. Up almost 20% since our original recommendation, it remains a Buy. - Gavin Graham
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PEY was first recommended here on December 23, 2022