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Painted Pony Pete Ltd PDPYF

"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

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Comment by dalerules88on Feb 02, 2018 11:27pm
99 Views
Post# 27495262

RE:RE:UGR Deal longterm Makes Sense.

RE:RE:UGR Deal longterm Makes Sense.bonjovi501 - (2/2/2018 1:16:44 PM) 
RE:UGR Deal longterm Makes Sense.
TonyDj.....I have no problem buying the UGR properties but it was not worth 60% dilution of PONY. Patrick bragged on how PONY had 50 plus years of inventory and we were part shareholders of UGR anyway. Just wish we diluted 25% instead of 60% and the market if you remember punished us big time because of this dilution. If I remember we did a bought deal at the same time at $5.60 or around there and just were at $10 share price before that. I just hope Patrick never dilutes again.


before a resource company can make money, it needs to acquire assets;
then those assets generate cash flow; it doesn't get any simpler than that;

the deal was done right, under the circumstances; if pony paid with debt, it would be raked over the coals even more, just look at peyto; as it was, pony paid mostly with shares, at 5.60 or what not, and now we're at just about two bucks - so basically, Pony got the UGR effectively at 130 mil - instead of whining about dilution, you should buy more shares, because the UGR acquisition has over the last six months effectively become a huge bargain, due to being paid for with shares;

lots of so-called "investors" including some fund managers have a very short sighted view of economics; they view markets as a reflection of economy - that only holds true in long term, certainly not in short term, ergo the volatility;  these same "investors" basically have no patience and will loose out in the long term; commodity cycles have long horizons relative to the current make-money-this-instant sentiment; 

if you are trading, you shold love the volatility;
and if you are truly investing, you should love the price
not sure whether traders will be rewarded in the long-term - getting it right all the time is tricky;
on the other hand, if you are investing at these levels, it's hard to go wrong in the medium to long term; all you need to do is look at a 10 year chart of any gas stock, and you will know exactly where Pony is headed; maybe sooner, maybe later, but certainly eventually... the only game changer would be a takeout, which would be unfortunate at these prices; but if that happens, just take the premium and roll it into BIR or AAV or VII or CR or PEY or .... well, you get the point;

I personally see very little downside here - we are trading pennies; in five years we'll be trading dollars....

 
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