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 May 15, 2017 11:07pm

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Post# 26247902

RE:NG

minerman77 wrote:
The coal to natural gas switch in the Northeast is a microcosm of a dynamic taking place worldwide, as natural gas steals an increasing share of the global power mix.

The International Energy Agency anticipates that the world's use of natgas could surge by more than 50 percent from 2010's levels, and eventually account for at least ¼ of global energy demand by 2035. In fact, an increasing number of idle coal plants are being retrofitted to produce natural gas.

And importantly for PPY, Alberta appears to be quickly switching most of their coal-fired power plants to natural gas. Gas is the go-to choice for the production of electricity, and the increase in the demand for power will be greater than any other.

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