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

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Painted Pony Pete Ltd

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Comment by idiosyncraticon Jan 19, 2012 7:03pm

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Post# 19424450

RE: Could be another Daylight

With that comparison, you must make one very, very important distinction.

Daylight Energy: Highly Leveraged

Painted Pony: 100% Unleveraged

Daylight's hand was forced because of their stretched balance sheet.

Painted Pony, on the other hand, has one of the best balance sheets in the industry (remember the $103.8 million private placement they closed on November 8th at $11.80/share?) so they are - in no way - forced into doing a transaction.

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