Buy, Sell or Hold: Painted Pony Energy (PONY-T)

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Painted Pony Energy (PONY-T)

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TSE:PONY

0.69

0.00 (0.00%) 1d

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DON'T BUY

A challenged energy company. Really cheap on a price to book basis. The problem is that most energy companies have no positive price momentum and earnings are not yet growing. Cash flow is beginning to improve, but it is too early to get back into yet.

DON'T BUY

He is bullish on Albertan-based natural gas because we have declining production and supply, increased take away capacity and inventories are at a 10 year low. The winter will eventually come and then there is the prospect of depleting storage. A lot of Nat gas companies have hedged away their Alberta gas exposure. Pony still leaves him a little uncomfortable, however. He likes BRK-T, TOU-T and ARX-T. The balance sheet of PONY-T leaves him pause.

BUY

They have significant assets in the core area that will benefit from LNG. They had a tough second quarter and production came in because they shut in some production. The fourth quarter is going to be good. He thinks they can buy down debt next year. It is a higher beta stock and not owned by institutions. They could be a takeover candidate 3 or 4 years down the road.

SELL

There are a lot of components in the energy sector that are weighing them down. The stock came down so much that it’s looking to be more of a bankrupt company than a turnaround story. The stock’s not looking good so be very careful. It could bounce back, or go lower.

DON'T BUY

Well-managed, but Canadian energy has a big strike against it. Most are trading at 3-4x cash flow, which are 15-year lows. Even when there is enthusiasm for oil, the senior oil stocks will move up before these do. Investors don't care about oil stocks now.

BUY ON WEAKNESS

It will benefit from the LNG business that is coming in the next few years. It is a candidate for tax loss selling. $3.40 is his target. He likes it. It has a monster upside.

BUY ON WEAKNESS

One-year target of $3.40. No dividend. Balance sheet pretty good. He'd potentially own it. Stock is cheap here.

HOLD

An under-performing natural gas producer that will likely continue to improve its marketing of its production outside of Alberta. He does not currently own it.

HOLD

People need to realize that because of the construction season, the price of ACO is $0.05 and nobody can make money at that. It is a very cheap stock. They are right on the fairway to fill the LNG Canadian needs. He would stay with it. They have sufficient cash flow.

BUY

A 10-bagger? Their debt is very low and it is very well managed. They have a massive reserve life. A very big beneficiary of west coast LNG. This could see $15 share prices again. Yes, it could be a 10-bagger or a future acquisition. He is hoping to hear of a LNG Canada announcement soon.

BUY

Results are not out yet because of a pipeline issue on the West Coast of BC. He thinks their volumes will pick up again as the pipeline issues are resolved. It is a very cheap stock at one and a half times cash flow. We need LNG takeaway capacity on the west coast, which will benefit them in 2024. We are probably going to have the lowest storage levels in a long time in North America due to cold weather. And Canadian Nat Gas prices are above $3 right now. It looks like cold weather will go on a little longer.

DON'T BUY

A BC station 2 gas producer -- right at the further point from markets. He is focusing on condensate rich producers instead that see prices linked more to oil prices. AECO prices yesterday were $1.13 /GJ.

BUY

It is on his action alert buy list. It is mainly natural gas focused. 9% liquids. They are going to have a lift in production in 2019. The stock is pretty cheap. The balance sheet is 35% debt and he does not see that as a problem. It will start to do much better.

WAIT

In the long term, they have incredible assets and management and will be very successful. In the short term, they are looking at selling some assets because of high debt loads.

DON'T BUY

This stock was a sell on fact situation following the announcement of Shell to proceed with LNG on the west coast. There is long term exposure to BC natural gas out to 2023. They are having trouble proving the value of their acreage. He would not own this as he remains bearish natural gas.

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Painted Pony Energy(PONY-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Painted Pony Energy is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Painted Pony Energy(PONY-T) Frequently Asked Questions

What is Painted Pony Energy stock symbol?

Painted Pony Energy is a Canadian stock, trading under the symbol PONY-T on the Toronto Stock Exchange (PONY-CT). It is usually referred to as TSX:PONY or PONY-T

Is Painted Pony Energy a buy or a sell?

In the last year, there was no coverage of Painted Pony Energy published on Stockchase.

Is Painted Pony Energy a good investment or a top pick?

Painted Pony Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Painted Pony Energy.

Why is Painted Pony Energy stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Painted Pony Energy worth watching?

0 stock analysts on Stockchase covered Painted Pony Energy In the last year. It is a trending stock that is worth watching.

What is Painted Pony Energy stock price?

On 2020-10-08, Painted Pony Energy (PONY-T) stock closed at a price of $0.69.

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Painted Pony Energy (PONY-T)

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Painted Pony Energy(PONY-T) Rating

Painted Pony Energy(PONY-T) Frequently Asked Questions

What is Painted Pony Energy stock symbol?

Is Painted Pony Energy a buy or a sell?

Is Painted Pony Energy a good investment or a top pick?

Why is Painted Pony Energy stock dropping?

Is Painted Pony Energy worth watching?

What is Painted Pony Energy stock price?

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