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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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Post by Squint1on Aug 27, 2020 8:39am
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Post# 31459331

Gas Prices - TD Investment Conclusion

Gas Prices - TD Investment ConclusionFrom TD Bank this morning

2021 Gas Prices Have Improved Materially: The Henry Hub spot natural gas price has materially improved over the past month (~50% MTD to ~US$2.60/mcf). More importantly, from a capital budgeting perspective for E&Ps, the 2021 forward curve has moved considerably higher (+12%) m/m and is 20% above year-ago levels.

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Say NO to the CNQ offer.  The banks will continue to hold.
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