Painted Pony Pete Ltd PDPYF

reserve report should be very interesting

[uograd]

At this time last year share price was about 1.40 or so,  They were using an aeco forecast for 2019 of 1.85(on 2019 reserve report).  Actual according to baytex report tonight was 1.60.

next year aeco forecast price is 2.04 on baytex report.  Pony was using 2.29 as I assume everyone else was so we could see some reserve right downs..

would be a more serious issue if stock was 1.40 but being that it is about .70 likely not a big deal.

Interesting to note baytex new nav is 6.97 and stock 1.70 or .25 of nav.

I expect pony will be less than .10 nav.