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Painted Pony Pete Ltd PDPYF

"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

Post by Runaway1492on Jun 05, 2019 9:42pm
135 Views
Post# 29801550

Peaks and Valleys

Peaks and Valleys I'm encouraged when looking at Pony's long term chart.  There's many dips down and thrusts upwards.  Even the most recent jump from the low 1's to 2 bucks shows how quickly this share price can change.  Pony is well capitalized with a reasonable annual spend.  Give it some time and the share price will shoot up again based on a number of factors such as a good earnings report, the new pipelines getting built in the Montney, a change in government, natural gas moving up on seasonal demand, the lead up to CGL getting built etc.  There's a lot of fear about junior ng producers going bankrupt right now.    Pony is nowhere near bankruptcy.  Now is a good time to average in.
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