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 dalerules88on Jan 11, 2018 12:30am

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Post# 27330982

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pony cash costs 2017E and 2018E

that's exactly my point - the trainwreck look;

At the bottom of the cycle, where survival becomes the topic of discussion, the gaap measures make them look bad, but it doesn't affect their ability to surive a downturn. It's a great tool to scare investors. Downturns are survived on cash flow, not accounting measures. And Pony has decent cash flow.

Also, think about the UGR acquisition, if you like GAAP as measure of performance. UGR asets are on the books for measly few hundred mil. With some $6bil in potential reserves, imagine how low the D&D will be for GAAP over the years, once they start drilling it. This thing will make so much "money" on paper, they will look like rock starts, if they manage to get thru this downturn without getting taken out or otherwise hostiled. That's if anybody will then care about GAAP.

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