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 Nov 13, 2014 9:49am

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Post# 23123872

RE:RE:Inside the Market’s roundup

I agree. This is a very strong quarter and the acquisition is pure gravy.

I think they are going to be held back by commodity prices for the time being but the future is bright.

It is interesting to note the resilience of their stock performance relative to their direct peers of similar size and location (AAV, CR, DEE). All three peers have given up all of their gains, PPY is forging ahead, a clear sign of gross undervaluation late last year and increased recognition by the market that they are a force to be reckoned with in the play.

LNG from BC's coast would be amazing but I think they can still do very well without it...proof in this quarter's numbers!

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