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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


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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•••
Comment by Bever73on Feb 12, 2018 11:32am
141 Views
Post# 27544642

RE:Imperial Oil to takeover Pony - possible

RE:Imperial Oil to takeover Pony - possible
igstar wrote:
Interesting facts.  Altagas founder and CEO David Cornhill resigns from Board of Pony.  Then shortly after, named to the Board of Imperial Oil.

Exxon Mobil, bad results, falling production, including Imperial Oil.  XOM, buys nat gas producer Range Resources a few years ago.  XOM, announced a 60B budget for the Permian Basin, to get their production up to 600,000 boe/d in Permian.

ALA worried about counterparty risk with Pony - wants new ownership (opinion, not fact).  Western Canada Basin is tilted to nat gas, Imperial a long term player, Pony has long term reserve life index, matches Imperial Oil longevity.

Imperial can buy Pony for chunk change, refinance debt way lower.  All adds up to buying PONY, IMO.


IF your theory had any chance the stock would be acting better . The big boys are looking 6 months into the future and seeing headlines likes  "Pony loses..."  "Pony cuts..." "Bank lines...."  "Aeco prices...."     

It's amazing the longs on this board that think all their "bullish theories" are unknown...they are well knows, everyone knows, .....all the big funds know....    yet.. 

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Dealroom for high-potential pre-IPO opportunities