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Peyto Looking to Add Cheap Drilling Inventory
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Peyto Exploration & Development Corp. has reported operating and financial results for the fourth quarter and 2014 fiscal year which set Company records in virtually all categories.
2015 Outlook Last year was a year of robust commodity prices and enthusiasm in the industry. While still very active, Peyto remained naturally guarded as that enthusiasm could have driven cost inflation and so it required greater vigilance to ensure return expectations were met. This year looks to be the exact opposite. Commodity prices are much lower, industry activity is greatly restrained and costs are deflating. While the focus on returns will remain the same, Peyto is eager to take advantage of this environment, and "be greedy when others are fearful." The Company currently has a deep inventory of…- ✓ Full news archive — U.S., Canada & international coverage
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