Painted Pony Pete Ltd PDPYF

GLJ numbers came out. Reason for Natty Selloff

[counterintuitive247]

First of all ward is out of the office and not returning calls till next wed. I called the office. Not sure how you were so lucky to talk to him today Lucky11. The PONY is trading at 2x 2018 Cashflow. This is too cheap. The possibilities of some sort of privatization or hostile take out is quite possible. The company is public and is trading too cheap. I wouldn't sell into this low volume of uncertain investors. The shares are being manipulated today/tomm/past due to the forward looking price deck. Large shareholder investco sits stagnant when I checked the positions. Some info on GLJ pricing and why we are taking a bath; Natural gas Price deck for 2018 is the Same as 2017. Pony has forcasted their 2018 Capex at $1.72/mcf . With forward GLJ pricing at 1.54 this reduces Pony's capex by 12 million. Pony Institutional Bank Debt; Bank line is 170 million drawn on 450million. if the bank wants drop it due to the GLJ pricing. It will drop the bank to 400 million. 66.6% of PDP reserves. Not a big deal. Natural gas is not a market favorite as the obvious pipeline and Gov't bottle necks in Canada are restricting the market for Canada Natural gas. When this turns around, all that will be left are the strongest balanced sheet companies. Hope this helps people wondering WTF. GLTA