OTCPK:PDPYF - Post by User
Post by
bbwiboneon Sep 17, 2020 11:10pm
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Post# 31579387
RIP Pony
RIP PonyThis is over. They really did it when they expanded and took on debt in 2017 rather than focus on return of capital, that showed management greed over shareholder returns. Pony has no choice here and CNQ will fire everyone once they take charge and will retire their junk debt - 8% bonds? Try 2% at CNQ. And wait for better times. This won't be a bullboard anymore in 3 weeks when the shares are delisted. If you like Nat Gas, just go into another player. Try to avoid one with debt.
There are tens of billions or more of natural gas and oil assets for sale, many of them world class. Pony is just another speck of dust in a sea of dumped assets. If you have cash, you too can pick some up at 20 cents on the dollar - or better. Good luck making money though - Pony couldn't.