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Painted Pony EnergyPONY.TODON'T BUYMar 17, 2015Stock 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.
It has been bouncing along its book value. It is here for the third time in the last year. It is cheap and may bounce. Up until this time there were earnings and market value but that has disappeared. The driver for this company is not there anymore. If this price level does not hold then get out.