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 jerrybeon Mar 05, 2014 5:43pm

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Post# 22285635

RE:RE:RE:RE:nice response...

Thanks. I appreciate the words of wisdom. I am a young investor...and I am learning (the hard way) that when a management team loses its credibility with the street, it is almost impossible to get it back.

I have always been more of a contrarian (buying so called undervalued stocks)...but sometimes the undervaluation is entirely justified and worsens over time. I am shocked at how many Canadian oil firms pay unsustainable dividends. This strikes me as very odd.

In any case, I doubled my position in PPY and this little poney will hopefully give me a nice ride! The fact that debt is a non-issue here is a big plus.

I think most Montney producers will see a big upward swing as the reserves increase significantly over the coming years. I am here for the long haul.

GLTA!

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