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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Post by hester23on May 22, 2019 2:39pm

198 Views

Post# 29765343

Buying opp.

I've held this company for a while - have always been impressed with its financials and management. It's in a cyclical sector, if you dont understand this and are not in for the long term its probably not a good stock for you.

I'm underwater as many are but have been building more of a position and taking advantage of these low prices. This is clealy a sentiment issue to name a few:

- Liberal government attitude and mismanagement of the sector
- Chinese trade issues
- Carbon tax

Question what has fundamentally changed with the company in the last year when this was above $3?

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