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 May 01, 2020 12:06am

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Post# 30974655

RE:A must read

It looks like 25% of U.S. production is in jeopardy. The operators with marginal production are going to fry along with their marginal gas wells. If 25% is wiped out, the ones that survive are going to come back stornger than pre-2020 once things return back to normal.

Poor wells shut in, poor operators wiped out, and energy/exploration capital vanishing. I think I can see supply issues and $100 oil in about 24 months from now. Groundhog day....