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

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Painted Pony Pete Ltd > Pony Net Debt Misleading?

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Comment by Don2018on Jun 16, 2019 11:44pm

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Post# 29830972

RE:Pony Net Debt Misleading?

Runaway1492 wrote: I read an article on Seaking Alpha where Pony's net debt is much higher than what they claim in their presentation:

https://seekingalpha.com/article/4270000-painted-pony-discount-despite-strong-q1-results

it states:

But if we take into account the financial lease of the Townsend processing plant and pipelines that represents C$483.4 million, the total net debt reaches C$824.8 million.

This is on top of the 350MM or so in debt Pony claims to have in their financials.

Were any of you guys aware of this? How can they get away with not publishing this number?