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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


OTCPK:PDPYF - Post by User

Painted Pony Pete Ltd
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Comment by Squint1on Aug 28, 2020 3:51pm
125 Views
Post# 31471222

RE:RE:RE:RE:RE:Hedging is killing the PONY

RE:RE:RE:RE:RE:Hedging is killing the PONYHedges don't get "renegotiated".   They get valued and "closed out" by paying the NPV difference of the strip prices vs the hedge prices.  They get "bought out" for this amount and they will need a big bag of cash to do it.  Because they need the cash, they have to remain in place or they have to get new financing to pay for the buy out.  As per the financial statements at June 30, the hedges are a liability of $36,088. 

JohnFriesen wrote:
Mrlongpants wrote: Headging almost killed CPG. Need time for the hedging to be renegotiated..


Sadly, that isn't possible


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