Peyto Could Deviate From Its Announced Growth
Peyto Exploration & Development maintained its first-quarter production levels at 101.1 thousand barrels of oil equivalent per day, unchanged sequentially and from the year-ago quarter and in line with our expectations. With the recent pullback in commodity prices, the company intends to prioritize profitability over growth. If prices don’t rebound in the next few months, Peyto could scale back its drilling activities.During the first quarter, the company deferred 13 mboe/d of additional pr...
Peyto Energy is an unincorporated open-ended limited purpose trust established under the laws of the Province of Alberta. Through its direct and indirect subsidiaries, Co. is engaged in the acquisition, exploration, development and production of oil and natural gas in Western Canada.
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