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Painted Pony EnergyPONY.TORISKYDec 02, 2013Stock price when the opinion was issued
As of Oct 08, 2020. Market Open.
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.
Have very good land positions in Northeast BC that can be developed once LNG terminals get approved. Approval may be late 2014-2015 to have them come in, in 2018. Has a lot of asset value and will be an attractive takeover candidate but, in shorter terms, it is a little stretched. Not for the faint of heart.