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 righand2on Feb 15, 2017 12:47pm

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Post# 25849716

RE:RE:PPY, 9% liquids in the Montney production

George98 wrote:
InvestLargeC wrote:
This 9% figure is the lowest liquids percentage among all the Montney players. And this is not even oil, it's NGLs. That's not so good...

Lack of liquids in PPY's Montney production is a problem no matter how you slice it. This is too gassy. As a result, rising oil prices by year end and 2018 will not help PPY, so the company is fully dependent on nat gas pricing. It is far better to have about 15%-20% oil and liquids, so they benefit for rising oil prices in the coming months.

You can't have them all, but this is still a concern for the prudent investors.

perhaps, PPY acquires a Montney producer with liquids percentage above 10% although this is not very likely because of its debt overhang and its existing high leverage.

What a load of garbage.

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