Painted Pony Pete Ltd PDPYF

RE:RE:RE:Future AECO prices

[Squint1]

I was referring to 2021 prices only...but there is an uplift over the whole long range forecast of prices.  A look at the current CME future prices vs. those used by GLJ would give it more precision.  The most important point of it is that this is for 2021 - next year.  The improvement is just around the corner.  The banks should see this.  They should not force the company into receivership if the CNQ offer is rejected.  They don't want to deal with that - no one wins.  They should hold tight and wait for a better offer to come along that shareholders will accept or management is replaced and the company continues.  

Oldnagger wrote:

 I understand from the reserves report (2019) that  the after tax value (NPV 10) equated to  $ 2496967000  based on a nat gas netback of 0.43 per mscf. 

If we add on another $ 0.43 then we double the reserves value .

The effect of the increase in reserves value on per share value is even greater due to debt leverage

$ 28.00 per share  (40 times the offering price)

would appreciate your comments (and those of anyone else for that matter)