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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 > NG production @ 87.4
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Comment by Kramerkarmaon Jun 28, 2020 10:55pm
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Post# 31201526

RE:RE:NG production @ 87.4

RE:RE:NG production @ 87.4
I have found the EIA to always over state production. Forecasting price is impossible or someone would be very rich and probably not working for the EIA. Fred dial on Twitter had a great post a bit ago saying the last year overproduction was similar to this was 2016 and storage was like 100BCF different (sorry going off memory) but prices were 2.80$US/MCF . Kinda like if theres a chance of a shortage rates can skyrocket there not full = 1$ empty = 5$ ... I think the value per MCF is well above the price so that's my answer to your question. Could USA shut in more gas like EQT did I should think any unhedged MCF doesnt replace its self right now and barely turns a profit so i hope so.
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