Painted Pony Pete Ltd PDPYF

Reality Check

[Oldnagger]

Nov nat gas contract hit $3.002 today
Dec thru Mar even higher
Does anyone really believe that Painted Pony is not profitable at these levels? Or that it needs additional credit from the banks?
 Would it not be political suicide for the lending syndicate to cut their lines below existing debt?
 Enough everyone , lets get the word out and make sure we don't hang our selves with our own 
lack of action.
Have a happy week-end.

[Ridgeback]

West Texas Intermediate crude for October delivery lost $1.60 to $39.77 on the New York Merc, ending its worst week since June, while Brent for November lost $1.41 to $42.66 (all figures in this para U.S.). Western Canadian Select traded at a discount of $9.20 to WTI, up from a discount of $9.39. Natural gas for October added 10 cents to $2.59. The TSX energy index lost a fraction to close at 77

[Oldnagger]

Thank you , great to see real info. The fear of bankruptcy has always been a red herring as decribed by others. I cannot fathom that management or their cohorts have such a low opinion of their own shareholders, that they would continue to propound this fallacy in the face of rising gas markets.  If any one has any doubts that gas markets wii continue to rise please see my next post.

[JohnFriesen]

This post has been removed in accordance with Community Policy

[roscoe74]

The insecurity in the oil and gas sector caused by Trudeau is one of the reasons that credit and liquidity are not available. De-marketing of an industry or geographical area is not decided on by the sector executives who manage such files. It is decided at the top and delivered to file managers as a fiat.  The reason may be as simple as bank syndicate members consider their percentage of

[Ridgeback]

 Pat Ward, chief executive officer of Painted Pony Petroleum Ltd. (PONY: $0.68), recently complained to the Calgary Herald. He said Painted Pony had been "talking to them for months" but was unable to secure support, ultimately forcing it to accept a bargain-basement takeover offer from Canadian Natural Resources Ltd. (CNQ: $25.71) on Aug. 10.   My