Peyto Exploration & Development Sees 44 Percent Drop in Quarterly Profit

Reuters reported that Peyto Exploration & Development (TSX:PEY) announced a 44 percent drop in its quarterly profit.

As quoted in the market news:

Oil and gas sales fell 29 percent to C$68.9 million, while overall net revenue was down 12 percent at C$80.5 million.

Click here to read the full Reuters report.