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 bigreturn11on Apr 25, 2020 10:35am

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Post# 30952975

RE:RE:RE:RE:RE:RE:RE:Make your vote count at this years Agm

I should also add that the company insiders have been in a blackout for much of the last two quarters with annual reporting being prepared and long term supply contracts being negotiated. Full blackout period for most insiders throughout the large share price decline occurred as I understand. That's the beauty of being a shareholder. Often we can buy the dip and the company insiders can't.

bigreturn11 wrote:

I spoke to the company about insider ownership a couple of days ago. They state that the exec team buys plenty of shares through the employee stock ownership plan. Each of them puts 20% of their paycheques into buying stock through Canaccord. The shares are reported once per year. Instead of buying when outsiders see opportunity, they dollar cost average all year long. 20% off the paycheque is quite a commitment in my mind. Everyone has bills and that is a large portion of every pay period to invest in one basket.

barneyj44 wrote: I did read the information circular, that’s what got me stirred up, the share price has been distressed and still no Insider purchases. I hold Birchcliff and Crew both companies especially Crew has had a lot of Insider buying, Pony nothing for as long as I can remember.