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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 12:25pm
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Post# 27545039

RE:RE:RE:RE:RE:RE:Pony's market cap is less than they paid for UGR

RE:RE:RE:RE:RE:RE:Pony's market cap is less than they paid for UGR
bonjovi501 wrote: not blaming you Yoda about defending the decision to buy UGR just other posters who think it was a good deal. The point you made is correct.


It was a horrendous deal! They keep using the excuse they wanted to do it for years and years and then the deal finally presented itself. IT WAS AND IS PLAIN TO SEE how bad the supply/demand situation was at the time of the deal. They could have waited to see about LNG as both PONY & UGR equity would have risen with a positive FID. Instead they diluted by 60% and GOT STUCK with a massive resource that is currently uneconomical. Sure 5-10 years from now the deal might pay off; but current shareholders got the SHAFT , and MGMT of both UGR and PONY are getting rewarded big time. Especially ALA as they are getting paid no matter what. That is why the fund manager ripped them in the media. IF anyone should have had an idea of the nat gas landscape in Canada; you would think it would be mgmt. Terrible..... he should get canned
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