Peyto Exploration & Dev (TSE:PEY) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Peyto Exploration & Development Corp. reported a strong second quarter in 2024, with funds from operations reaching $154.8 million and production volumes increasing by 24% year over year, largely due to a strategic acquisition. The company’s effective hedging strategy shielded revenues from low natural gas prices, achieving a realized price over double the average. Additionally, Peyto’s operating costs decreased, maintaining its position as the industry leader in low-cost operations.
For further insights into TSE:PEY stock, check out TipRanks’ Stock Analysis page.
