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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 Jul 03, 2020 8:15am
292 Views
Post# 31219589

DUC's - Fracking 2021

DUC's - Fracking 2021I'm hoping to get some insight on an investment opportunity I think may pay off next year. There's been a large increase in the number of DUC's since the pandemic started. Currently, producers are beginning to bring shut in wells online but I expect that inventory to dwindle over the second half of this year. There's not a lot of drilling or fracking going on right now but as shale wells naturally decline over the next 6-12 months and shut in the reserve of shut in wells decline producers will look for the next most cost effective way to bring on production. Fracking rather drilling seems the natural choice for cash strapped oil and gas companies to interested in maintaining or increasing production. I've found one fracking company in the US with a stellar balance sheet that seems well situated to make it through the downturn and ramp up once demand for fracking comes back. It's ticker symbol is SOI. Do you guys think my theory about fracking in the US increasing next year makes sense?
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