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

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Painted Pony Pete Ltd > Future AECO prices

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Comment by Oldnaggeron Aug 26, 2020 2:52pm

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Post# 31456988

RE:RE:RE:RE:Future AECO prices

I hear your concerns with my quick anaysis.My point was to highlight the tremendous value that we are at risk of losing.
However as long as rig counts stay at such low levels PDP inventories are depleting at a horrendous rate . I would guess at least 40 bcf per day and probably more like 60 bsf per day . It will probably be years before drilling levels increase enough to replace the ongoing depletion
PDP reserves determine the ability if the industry to produce natural gas over the next decade
and thus why I see a whole new era arriving

To anyone trying to take guidance from the past, I say you need to look more at where we are going and less at where we have been