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

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Painted Pony Pete Ltd

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Comment by Tweedledeon Apr 25, 2019 3:56pm

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Post# 29671327

RE:pretty clear just too many shares available here

Too many shares? They seem to be in line with many of their peers. PONY has 161M O/S (outstanding shares) with a 265M valuation. Bonavista has 268M O/S with a 310M valuation. Pengrowth has 556M O/S with a 333M valuation. Obsidian Energy has 507M O/S with a 238M valuation. Advantage Oil and Gas has 186M O/S with a valuation of 441M. Crew has 151M O/S with a 182M valuation. Yes, there are other players with tighter floats, but I dont think share count is really an issue here. Correct me if I am wrong about this.

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