RE:RE:last bid price .67 ask price .72 what a scam by brokeragessurely some land sales would help the balance sheet, but also they would set a precedent for overall valuation so I'm guessing part of the reasoning is to set a price range in case of any takeover bids;
as for AECO, if alta changes the rules, that would help but regardless, AECO forward pricing has actually been firming up lately and storage does not look all that full either, so I don't think AECO is that much of a problem; the other hubs are bit more depressing actually, fundamentally speaking, apart from Sumas, that is
in the end, with some 140mil debt to roll over I sustpect the current facilities will be adequate, even if pared down a bit, as by the time debt comes up for renewal, AECO will have firmed up some, due to petrochem and power demand, and LNG/LPG will be on upswing, IMO;
with that in mind, I think PONY survives, and if it does, the current share pricing will be a bargain in retrospect; of course anything can go to zero, but I find that very unlikely here; yes there are some significant commitments with Altagas, but even at strip, they are still manageable, and again, forward AECO is improving, as is the liquids profile, so seems to me things are about to get better, actually; notice the bump in volume for July, to about 52k boe/d from the Q2 49k, that's after voluntary curtailments; there would be no point bumping production if there was no market or no margin, so I take it the increasing volume is a hint of improving price environment; also note spot AECO for Aug is well ahead of July as well, be it only few days' worth so far; again, AECO trend is improving, and PONY can ramp up quick to take advantage, which is what they seem to be doing ..
my 2c