Shares of Peyto Exploration & Development (PEYUF) are up 23.5 percent thus far in 2016 and the Calgary, Canada-based oil and gas producer has more room to run because of its commitment to capping costs as opposed to wells, said Greg Padilla, portfolio manager at Aristotle Capital. 'Peyto is unique because it is the lowest cost producer in North America,' said Padilla. 'They have a solid balance sheet and have a track record of investing counter-cyclically.' He added that Peyto's projects are not direct affected by the wildfires currently curbing production in Canada.