OTCPK:PDPYF - Post by User
Post by
bigreturn11on Sep 27, 2018 6:37pm
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Post# 28704889
60,000 BOE/D at $482M Market Cap ($8,000 per flowing BOE/D)
60,000 BOE/D at $482M Market Cap ($8,000 per flowing BOE/D)Try to find a competitor with this type of production for $480M.
- PONY - 60,000 BOE/D at market cap of $482M ($8,000 per BOE/D)
Valuations of my other two Montney favourites
- VII (Seven Gen) - 187,000 BOE/D at market cap of $5.1B ($28,000 per BOE/D)
- TOU (Tourmaline) - 290,000 BOE/D at market cap of $5.7B ($20,000 per BOE/D)
Production growth for PONY in 2018 is 58% Y/Y funded by existing cash flow. At this growth rate, PONY should be at 187,000 BOE/D (equivalent to VII) by Q2 2021 (2.6 years from now). The market capitalization of VII is presently 11 x greater than PONY. You can bet that production growth speeds up if LNG is exporting near the end of 2022 to early 2023.
Spot the value in the PONY??