OTCPK:PDPYF - Post by User
Comment by
roscoe74on Aug 28, 2020 7:57pm
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Post# 31474167
RE:I guess I’m hooked
RE:I guess I’m hooked Oldnagger wrote: 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.
Most of your thoughts should perish. Everyone is entitled to their own opinion and to be heard respectfully but such ill informed gibberish as that above is a waste of time and patience.
Keep it real and stick to facts.