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 jackhacketon Feb 09, 2020 1:29pm

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Post# 30664359

RE:RE:RE:RE:RE:RE:couple numbers from arx report

Maxmoe wrote: Absolutely they are looking at pony and they are not alone. Because it's absurdly cheap. Pony sold a small piece of their montney lands for $45 million last fall. That was for 75%, so the total value was $60. For land with no production, no infrastructure, no drilling. The market cap of pony is about $100 million. This land sale and just the ripet propane sales volumes are worth $100. Yes, there is debt, but there is also a tcf, or a bazillion cf, and all the transport and processing infrastructure. Tou has a billion to blow. They could buy pony for $2 a share and have plenty left over.

i think pengrowth is the new model. wait for desperation and pay a nickel a share. there is no shortage of companies with good assets in trouble.

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