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Painted Pony Pete Ltd PDPYF

Energy
"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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Comment by briliantpebbleson Mar 16, 2017 2:29am
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Post# 25986328

RE:RE:RE:Selling pressure ENDS tomorrow

RE:RE:RE:Selling pressure ENDS tomorrow the pro forma liquids ratio is going to be lower in 2018 than 2017. from 8% to 7%. they bought nothing but dry gas. no liquids. this deal makes them gassier. their january plan had them going to 11% liquids in 2018. now it's 7%. can't believe a word these guys say. they just cut production by 40% 10 days ago now go out and buy production. they claimed they had the lowest cost wells in canada. they had 1000s of locations. they had 61 years of inventory. now they say that wasn not good enough. something is rotten in BC....

spacegimp wrote: dilution + dilution  , oversupplied ng market , no near term Prince Rupert  terminals  ...  tough to remain optimistic  but not a bad place to start a postion in PPY in next few weeks .


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