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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
Post by marketdivaon Mar 15, 2017 5:36pm
192 Views
Post# 25984817

As frustrating as this is. .....

As frustrating as this is. .....Bigger companies get bigger multiples..... the synergies here are blatantly obvious..... this is a well managed company so i trust this is a good deal. However I am not happy with how arc and the other big partner might have walked down the price to make this thing happen..... (speculation ) maybe that was agreed upon but now we know why the shares have been in the toilet recently....I will anticipate a fall tomorrow morning and then a strong recovery...."if " people know about this and walked it down they will have to flip and purchase back shares to clear the position. This is different then a simple dillutive equity raise ...it is both a equity raise and acquiring scale and growth.... and synergies. ... I will.expect high 5 close tomorrow and strength moving forward as this is all disclosed now....I would imagine ppy would.have broad institutional support before following thru with this
Bullboard Posts