Peyto Exploration & Dev ( (TSE:PEY) ) has provided an update.
Peyto Exploration & Development Corp. reported a record performance in 2024, driven by its comprehensive drilling program and strategic acquisition from Repsol Canada Limited Partnership. The company achieved notable reserves growth across all categories, with a significant increase in production and reserves value. Despite low natural gas prices, Peyto’s efficient operations and hedging strategy resulted in strong financial performance, including a high recycle ratio and substantial dividends to shareholders. The company’s forward-looking capital program for 2025 underscores its commitment to maintaining its growth trajectory.
More about Peyto Exploration & Dev
Peyto Exploration & Development Corp. is a company operating in the energy sector, primarily focused on the exploration and development of natural gas reserves. The company has a significant presence in the Canadian market, with a strategy centered around low-cost reserve development and market diversification.
YTD Price Performance: -2.76%
Average Trading Volume: 816,482
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$3.23B
Learn more about PEY stock on TipRanks’ Stock Analysis page.