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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


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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Post by UppersDownerson Sep 20, 2016 12:03pm
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Post# 25256252

PPY Not Getting The Love

PPY Not Getting The Lovecompared their peers as stated below:


2017 Debt-Adjusted Cash Flow
BIR - $430mm ($1.63/share) (includes all the recently added shares for the Gordondale acquisition financing) 
PPY - $180mm ($1.80/share) (this is cash flow after payment to AltaGas for the capital lease fee at the Townsend Facility)
AAV - $221mm ($1.19/share)
 __________________________________
Last Friday closing prices:
BIR closed at $9.30/sh = 5.7x 2017 DACF/sh
AAV closed at $8.78/sh = 7.4x 2017 DACF/sh
PPY closed at $8.26/sh = 4.5x 2017 DACF/sh
 
PPY is cheaper on a cash flow multiple than out peers trading at just 4.5x whereas the peer group average is around 6-7x.  I believe that is a meaningful data point. 
Bullboard Posts
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