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Painted Pony Pete Ltd PDPYF

"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


OTCPK:PDPYF - Post by User

Bullboard Posts
Comment by bigreturn11on Apr 26, 2020 5:05pm
247 Views
Post# 30955463

RE:RE:RE:RE:RE:Bir #

RE:RE:RE:RE:RE:Bir #

Not much is going to sound positive for oil in 2020.

Gas on the other hand cannot get worse than 2019, and it's going to be a nice run given what the industry is going through and the upcoming mega catalysts.  Look at gas futures and call PONY to ask what their outlook looks like for hedges.  I called and I really enjoyed hearing the positivity.  

I reiterate from a previous post. Long term LNG deals are being signed between now and the next couple quarters. You have to expect that PONY either gets a piece of the LNG action or signing long term deals with utilities before LNG pushes prices up, or both. This is real and not a matter of if, but when. With upcoming LNG demand, all major consumers are forced to sign deals before supply is locked up and before it's too late. Much big industrial business relies on certainty for feedstock and the lowest possible price, and a delay in negotiating contratcts could cost hundreds of millions in losses related to increased operating expenses. This bucket of consumers will not be delaying negotiations for future supply - it's as simple as that. 

When LNG flies, there is a very good chance that we are back to the old share price, at $8 to $12. Potential 2,000% to 3,000% gains from here. Not flipping shares here.....long!


barneyj44 wrote: Excellent information, keep up the good work Kramerkarma. Like many I’m underwater on many of my O and G names, nice to see some positive posts for a change  amongst all the Covid hysteria.

 

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