Painted Pony Pete Ltd PDPYF

I guess I’m hooked

[Oldnagger]

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.

[roscoe74]

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.

[Oldnagger]

My mind works faster than my fingers. What I was trying to express are the following facts 1) November Nat gas prices touched $2.96 this morning 2) Painted Pony Is definitely profitable at that price In spite of the fact that roughly 30% of their volumes are hedged at a loss for the 4 quarters following Q2 3) Anyone with a sound mine would vote against the take-over offer as currently proposed

[JohnFriesen]

This post has been removed in accordance with Community Policy

[Oldnagger]

Pray tell why I would be posting here if I did not own any shares? By your own admission you are an expert on the matter.