OTCPK:PDPYF - Post by User
Post by
Oldnaggeron Aug 28, 2020 2:35pm
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I guess I’m hooked
I guess I’m hooked A few thoughts- first we don't know if Painted Pony kept their bad hedges after the Q2 Report.
Perhaps CNRL asked them to get rid of them.- secondly, the fact that CNRL made an all cash offer has turned Painted Pony into a traders dream. Now that nat gas prices are higher, traders can hold PP and short nat gas. If nat gas pulls back they win, if not they are protected by the fact that PP could give them equivalent upside from here on. The same thinking applies to nat gas stocks (particularly the gassier ones)
Funny thing is low trading volume yet much higher bid and ask volumes. Maybe everyone is playing for a sure penny
Perish the thought.