Painted Pony Pete Ltd PDPYF

RE:RE:RE:RE:RE:GeoScout's Top Decile diagram one year later

[JDavis17]

roscoe74 wrote: We shall see who takes whom out but the Montney is gelling into a solid play with more pipeline egress, liquids offtake pipelines and plants, liquids exports and soon, an LNG decision.

Shell is waiting for a federal decision on steel modules tax remissions and the Feds are waiting for a Nafta agreement or US duty exemptions before deciding the Shell request. If and when a positive FID occurs, it will be a catalyst for consolidation in the Montney with the smaller, weaker players eaten first. As I've said previously, if the market is good for Shell, so it is for Chevron, Petronas etc. We may have 2 or 3 lng projects take off.

Pony is now big enough to stand alone ( that may be the strategy behind the UGR deal) and it is doubtful Ward and the BoD will agree to simply hand the upside over to another entity for peanuts. 

I still believe we will see Pony at $25/ share or more as the Montney matures and the speed bumps are behind us.

With one, or hopefully more west coast LNG plants, your target is possible. But that would take quite a few years, and some of us may not live that long. :o)

I'd be happy with $10 by next spring.