PEYUF - Peyto Exploration And Development Corporation Hits The Contrarian Button Again
Peyto (OTCPK:PEYUF) is now altering its very successful strategy to include some processing to pull out some profitable products from its gas to sell separately, and drill for a mixture of liquids and gas while keeping those rock bottom production costs.
Peyto is one of the lowest cost gas producers in North America. For a long time, this company had a very successful history by producing and selling dry gas. However, the unconventional production growth in the United States has pressured gas pricing far beyond what most have foreseen.
This company has long