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Painted Pony Pete Ltd PDPYF

"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

Bullboard Posts
Post by eebleron Jan 17, 2012 4:00pm
361 Views
Post# 19413938

Natgas perception

Natgas perception

If you go back to November last year, natgas has droped 35%.  PPY has matched that almost exactly with a 35% drop.  Despite the condensate, NGLs and oils, PPY is perceived to be a natgas company (at 65% natgas weighting that is a realistic perception).  As natgas goes, so will PPY.  The only thing that will make this better is a buyout, a rebound in the price of natgas, or a shift in focus to oil production over natgas.

If you believe in PPY management, then this is a chance to get in at a price that has been induced by a plunge in the baseline commodity.   I added more today and have tucked it away in my RRSP. 

eebler

Bullboard Posts