OTCPK:PDPYF - Post by User
Post by
agoldbloomon Jan 05, 2018 3:26pm
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Post# 27292975
It's really too bad...
It's really too bad...Considering that nat gas is in the dump and has been for years, this is the time for expansion and concentration in the most economic plays. I recall the CEO saying that they wouldn't sell out for less than $9 (I may be slightly off on the number) about a year ago and look where PONY is now. The price of natgas being what it is, the company is executing on its plans and really it's the price of natgas that isn't playing ball. It's pretty hard to gain momentum when the price swings 10% on weather, and yet drops while that same weather system is draining the reserves in place for winter. Who knows what 2018 brings, but it's really too bad IMO that there isn't a dividend of some sort (even a small one), that investors could use to accumulate shares while they're at these depressed prices. Look at GXO, recently cut their dividend (one of the last to do so mind you), and yet at least you're getting paid to wait out the storm - in GXO's case, it 9%. Likewise with so many other plays but the % is lower - SGY, TOG, WCP, PEY, etc.
In the meantime, I've starting buying PONY with the intention to accumulate over time. I can't see there being a situation where nat gas pops in a sustainable manner, but at the same time, isn't the saying be greedy when others are fearful and fearful when others are greedy? I'm not being greedy but rather, realistic that PONY is a decent company, executing on plans, but at the mercy of horrible commodity prices at the moment.
GLTA