Asset AcquisitionThe company's acquisition of the Repsol Deep Basin assets has been very successful, and allowed it to deliver a ~25% improvement in overall well productivity.
Dividend YieldPeyto shares currently imply a compelling dividend yield of roughly 8%, supported by its hedging program and peer-leading cost structure.
Hedging StrategyPeyto's extensive hedging program has allowed it to fund its capital program, reduce debt, and maintain its healthy dividend despite ongoing weakness in western Canada natural gas prices.