Where PONY fits in with nat gas peer group at $0.82/share..Todays move on PONY is once again not enogh. We have a long way to go before hitting fair value based on the peer group valuations.
Arranged from high to low nat gas producer peers
TOU - $21,000 per boe/d (308,000 boe/d)
ARC Res - $21,000 per boe/d (147,000 boe/d)
Peyto - $21,000 per boe/d (77,000 boe/d)
Crew - $20,000 per barrell equivalent per day (22,000 boe/d)
Advantage - $16,500 per boe/d (44,000 boe/d)
BIR - $15,000 per boe/d (78,000 boe/d)
NuVista - $13,800 per BOE/d. (57,000 boe/d currently)
Pony - $8,950 per boe/d (53,000 boe/d)
Fair value, just to fit in with analagous nat gas peers is a share price range fo $2.30 (at $13,000 per boe/d) to $3.30 (at $16,000 per boe/d) per share.
Hold onto those shares folks....