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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
Comment by Tinyhopeson Feb 24, 2016 11:34am
124 Views
Post# 24589371

RE:Good article on the future for natural gas

RE:Good article on the future for natural gas Hedges made when prices were in the $5-range carried many companies through falling prices as they continued to produce like there was no tomorrow. Tomorrow has arrived and the hedges are gone. Over-production in the Marcellus Shale means that producers have to compete for limited pipeline capacity by deeply discounting their sales price. The best core area locations are commercial at $4 per mcf3 but wellhead prices averaged only $1.75 per mcf in 2015. No Simple Solution to Falling Supply READ THE FULL ARTICLEET AT. https://www.forbes.com/sites/arthurberman/2016/02/21/natural-gas-price-increase-inevitable-in-2016/#234ba17f1a76
Bullboard Posts