Painted Pony Pete Ltd PDPYF

RE:RE:RE:TD

[marketdiva]

ceremony wrote: that TD piece was more of a Promotion than a real analysis. TD should be ashamed frankly for publishing it.

stockfy wrote: PPY has participated in all TD's energy conferences. All. Both in Canada and London. Their "ties" are very strong....

So TD has to return the favor by consistently "pumping" PPY and setting high price targets. These are the rules in the stock market game. The analysts are there to serve the brokerage firms who make business with a firm, PPY in our case.

The problem is that many inexperienced and naive investors trust the analysts and their price targets.

Don't bite such baits if you want to make money in the stock market.

Trusting the analysts and following their price targets will "help" you lose your shirt in the stock market.

roscoe74 wrote: Painted Pony Petroleum Ltd. (PPY-T) is "bigger, better, stronger" from its acquisition of UGR Blair Creek Ltd, said TD Securities analyst Juan Jarrah upon resuming coverage of the stock.

"At 84.8 million BOE/d [barrels of oil equivalent per day] in 2018 estimated, this ranks Painted Pony as one of the largest pureplay Montney producers in the basin," he said. "Unlike other deals that we have seen lately, the Painted Pony/UGR transaction is strategic in that it expands an existing core area. And as we have discussed in the past, the continued weakness in commodity prices and western Canadian access to markets will necessitate consolidation in the E&P space in order to generate operating synergies, improved access to services, improved access to infrastructure, and improved access to capital markets. Therefore, we are of the strong view that not only is this transaction a strategic fit with existing assets, but it will help leapfrog Painted Pony into a position of strength in the near-term."

He added: "The total 61 million in shares issued as a result of the $111-million financing and 41 million share consideration paid for UGR has resulted in improved leverage metrics with Q4/17 net debt/cash flow decreasing to 1.3 times (from 1.6 times prior) and significantly improved bank line liquidity (64 per cent drawn versus 100 per cent in 2017 previously). In our view, the dilution is offset by an improved balance sheet (note that our 'prior' estimates exclude the impact of our commodity price update that took place during our restriction)."

Calling Painted Pony "an attractive investment relative to the peer group" based on its current valuation, he reduced his target price to $12 from $14.50. Consensus is $8.58.

LOL ! still short pebbles. . ? All the short juice has been squeezed out of ppy already .... oink oink greedy shorties ..... yes the banking business is very promotional I was offended with credit suisse sloppy analysis as well