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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 anymuseon Apr 10, 2020 11:35am
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Post# 30897185

RE:RE:Nat gas storage report tomorrow

RE:RE:Nat gas storage report tomorrowSeasonal demand is all but history industrial demand has fallen off the cliff, leaving power plant demand which is very weak due to industrial demand weakness. Hopes and wishes aren't going to save the demand picture untill there's a vacine and there will be a lag after that. The supply side in north America is more than abundant, almost beyond excess. The trading activity and volume in PONY seems a bright spot as it seems soneone is taking a position in a precurser to taking a run at the company which of course will fetch a premium to tadys price. A take out may well be the only play here as I don't see any bright spots based on fundementals, supply/demand. Shut in oil will create shut in gas but you still need demand. demand is the key for fosil fuel markets period.
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