Peyto: Cost Goal Met

2026-01-26 06:04:25 ET

Peyto ( PEYUF ) mentioned in the latest monthly presidential letter that the cost goal for the fiscal year was met. This includes the costs (variances) that allowed the Bluesky interval "to shine" as mentioned in the last article . This is important because the hedging program virtually assures a selling price. Now the last article did mention that when AECO prices went negative, the company did shut in some production to purchase natural gas at a negative price while sending that same gas to market to make a few extra dollars of profit. But generally, events like that do not last long enough to make a material difference to the annual picture. However, such actions combined with the announcement of meeting the cost goal point to a very above-average management that often makes the investment idea safer than it might appear at first glance....

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