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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

Bullboard Posts
Comment by Dell1on Feb 12, 2018 2:53am
94 Views
Post# 27542913

RE:Only concern: What’s under the sheets?

RE:Only concern: What’s under the sheets?That's expected to have some management to be replaced due to BIG changes within the organization. Most likely some finance people or New trusted people will be brought in to assure company is heading in the right direction.
My concern that AECO price will be below $2.50 on average this year in Alberta. Even though our gas is hedged at a much higher price and AECO exposure only 10% (according to Presentation Feb 1, 2018), still most brokers are not heavily but slowly selling/shorting PONY on daily basis. It seems like our support is gone and recently traded over 9M at around $2.40 was not exactly a support level. 

Bullboard Posts