Bullboard - Stock Discussion Forum 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... see more

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Painted Pony Pete Ltd > Well, here we are

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Post by TradeTracer on Sep 30, 2020 1:49pm

Well, here we are

A little over 24 hours from now we will know who holds the reins...

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Comment by mbuch on Sep 30, 2020 2:58pm

My guess is we will get a lousy 69 cents per share. I hope I'm wrong, but I doubt it...

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Comment by TradeTracer on Sep 30, 2020 4:24pm

It's hard to say This is all speculation but if CNQ loses the vote, would they go for a second bid? I would assume a good chunk would be them (or their leading broker) on the $0.68 bid, so would the numbers add up enough they could tip the scale in their favor on a better bid? Kind of a divide and conquer deal, if that makes sense

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