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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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Comment by marketdivaon Mar 18, 2017 10:22pm
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Post# 25998554

RE:Its late and im having trouble with my numbers, BUT

RE:Its late and im having trouble with my numbers, BUT
ramman1 wrote: At $ 6.08 before the deal, PPY was trading at what I thought was a VERY LOW enterprise value of 23 800 per boed,------ they then aquire this ''inferior company'', at an enterprise value of 38800 per boed. I know its late folks, but I am having trouble here trying to find out how this is a great deal. I had a drink,then calculated , that PPY is now trading at a grossly low enterprise value of 19700 per boed. Have I had too much to drink, or is this a very poor deal? I d really like to know from the bagholders ,that think this is going to $10 how they get the numbers. I did see some hope before the deal, but certainly ,not now.


Raman can you comeNT on why ppy included the transaction metric of $11, 000 per boe in 2018 ? Is that not relevant to the conversation ?
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