Peyto Exploration & Dev (TSE:PEY) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
