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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 LongRoadon Jan 11, 2018 9:00pm
131 Views
Post# 27338483

RE:RE:RE:RE:AECO vs. US pricing

RE:RE:RE:RE:AECO vs. US pricingThanks for the data.  You are both correct.  

In 2017, including the impact of price hedges the CEO stated that they were 7% exposed to AECO spot prices.

In 2018, they are ramping up production by 45%, and, of course, some of the hedging contracts have come to an end.  This changes the mix of how much AECO spot exposure they have, and they have signalled that they are 23% exposed to AECO spot prices.

Similar to Q4, they will not be able to get a good price on everything and I expect that they will shut in some of their production due to pricing during the course of the year.  (Anticipated fourth quarter 2017 average daily production volumes were impacted by pricing-related voluntary shut-ins of 54 MMcfe/d (9,000 boe/d).)

Just the same, it appears the risk/reward ratio is favorable as they continue to grow their production, and mainly focus on diversifying price and distribution risk. 
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Dealroom for high-potential pre-IPO opportunities