OTCPK:PDPYF - Post by User
Post by
Runaway1492on Jul 09, 2019 4:53pm
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Post# 29901146
Crew Energy
Crew EnergyI took some money out of Pony and put it in Crew today. I feel more comfortable with my money in Crew for a few reasons. One is they have no debt coming due until 2024 and no covenants. Another is they have far less exposure to AECO than PONY. They also produce more condensate and liquids. They don't have near the reserve that Pony has but are well positioned to sell into the LNG Canada project. My primary reason for feeling more comfortable with Crew than Pony is the fact Ryan Shay's, one of Crew's directors, recently spent about 500K on Crew shares in public market buys. This guy worked as an investment banker focused on the energy sector for close to 20 years. I don't suspect he'd be putting half a million bucks into Crew if he didn't know there was a light at the end of the tunnel. I don't see that confidence coming from anyone with Pony. Both stocks have been beaten down of late and it's anyone's guess what they will be trading at in the long term but I think Crew is a safer bet right now.