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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 dalerules88on Feb 02, 2018 11:34pm
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Post# 27495280

RE:RE:Market Selloff in US and Canada. MJ selling off.

RE:RE:Market Selloff in US and Canada. MJ selling off.mikebarq - (2/2/2018 4:10:51 PM) 
RE:Market Selloff in US and Canada. MJ selling off.
TonyDj wrote:Market selloff and Pony holding its own.Maybe now some of that hot money will go into energy while the Bitcoin,MJ bubble is deflating.

TSX down 1.6% 
"Pony hilding its own" ??  
How do you figure? It was down over 4%

Surely you know Pony is a resource stock, correct?
Sure you've heard of implied volatility, correct?

Compare the beta on any resource stock to TSX and you will see that Pony being down 4% on a day when TSX is down 1.6% translates exactly into what TonyDJ said, pony IS holding it's own...
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