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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
Post by bigreturn11on Apr 29, 2020 10:02pm
545 Views
Post# 30969490

Nat gas producer valuations and daily production

Nat gas producer valuations and daily productionNat Gas peers with daily production organized from large to small producer  

TOU - $20,000 per boe/d (300,000 boe/d)
ARC Res - $20,000 per boe/d (147,000 boe/d)

BIR
 - $15,000 per boe/d (78,000 boe/d)
Peyto - $21,500 per boe/d (77,000 boe/d)
NuVista - $13,100 per BOE/d. (57,000 boe/d currently)

Pony - $7,800 per boe/d (53,000 boe/d)
Advantage - $16,500 per boe/d (44,000 boe/d)

Crew - $18,000 per barrell equivalent per day (22,000 boe/d)

Looks like Nuvista and Peyto are close peers based on the primary location of assets and production. NuVista has $562 million net debt, Peyto has $1.14 billion net debt relative to Pony net-debt of $320 million.

The Pony shares are still by far the most undervalued of the peer group.  Must also consider the prime Pony land which should be worth $5+ alone.  

hmmmm - no profit taking quite yet folks.
Bullboard Posts