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 > Will another bidder show up?

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Comment by TradeTraceron Sep 01, 2020 4:05pm

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Post# 31488392

RE:RE:RE:Will another bidder show up?

CNRL has definitely stolen the company for $0.69, and the raising share price of CNQ days after definitely proved that. It would make sense to offer up some kind of share structure deal (with cash) as it allows investors a solid bridge over from old to new. The only trouble with dilution is it hurts the P/E ratios and EPS figures going forward, as well as slims down the option of a source of financing in the future (if needed)
PONY has production, but their value definitely lies in the land base. The land base will take some time to develop which might hurt any buyers metrics in the short term. I find it's a double edged sword when it comes to all share deals if things don't pan out as expected

A rival bidder would definitely help this whole situation

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