Painted Pony Pete Ltd PDPYF

RE:Earnings and reserve report ??

[jerrybe]

Only March 4th last year so I do not expect them to report much before then this year.

Interesting how CR jumped today and not PPY. My view is that PPY is viewed as a gas stock, while CR has a bigger component of oil (legacy heavy oil and more liquids)...

NG stocks getting as pummeled as oil stocks and not seeing as much of a rebound. NG prospects are arguably worse than oil in the short-term. We are having massive snow falls in the NE of US and gas prices are still way below $3...this is not like last year when prices were spiking all over. NG is really flooding the markets right now.

LNG are very long term projects. If they believe oil prices will remain very low for many years to come, then obviously, they should not go ahead with it. The question is whether these low oil prices are a relatively short-term phenomenon or whether they will persist for 5-10 years. LNG Canada will go ahead but the time frame is most uncertain. Taking the very long view, then PPY will indeed be a monster when Kitimat and co go ahead. Again, probably no rush to jump in now. If Petronas green lights the project, I will jump in (even if the stock jumps 10% on the news), that will signal a real turnaround.

Petronas should acquire PPY now as they will probably have to pay much more 3-5 years down the line. Problem is: They are reigning in capital spending like everyone else. And obviously, it would also reveal they are going ahead with their LNG project...