Peyto (OTCPK:PEYUF) is one of the more conservatively-run gas producers around. For a very long time, management produced dry gas and just hoped that the gas pricing cycle would allow for sufficient profits most of the time. Belatedly, the company switched to liquids-rich leases to drill. When they did, management touted the latest accomplishment for the liquids production:
"Approximately 41%, or C$0.87/Mcfe, of Peyto’s unhedged revenue came from its associated natural gas liquids sales while 59%, or C$1.26/Mcfe, came from natural gas. Natural gas and oil hedging activity contributed C$0.37/Mcfe for total