Peyto is one of the lowest-cost natural gas producers in North America.
Low AECO prices have taken its toll on narrow-moat Peyto Exploration & Development, but the company’s hedging program has helped mitigate the headwinds. During the fourth quarter, natural gas realizations (before hedging) were CAD 2.15 a barrel, a sharp decline from fourth-quarter 2016 levels of CAD 3.04/bbl. However, the company’s successful hedging program resulted in netbacks of CAD 2.87/bbl, slightly lower than 2016 levels of CAD 2.98/bbl despite a 30% decline in AECO prices.ÂPeyto repo...
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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