Painted Pony Energy (PONY.TO) Buy, Sell or Hold

Painted Pony Energy (PONY.TO)

0.69

-0.00 (0.00%)

as of Oct 8, 2020, 8:00:00 pm Market Open.

103 watching

BUY

Big winner and stock is now starting to discount a little bit of the upside. Stock is worth about $8.50 based on existing production. And about $2 on the exploration side on 2 plays in Saskatchewan. Gas asset is worth about $130 million and the economics on this are phenomenal. Break-even price is about $1.15 MCF. Looking for about 50% upside.

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COMMENT

Gas weighted. Crescent Point (CPG-T) sold its 11.5% position probably to free up some cash to make an acquisition. Shouldn’t affect the stock too much. Expect it will eventually be sold.

TOP PICK

(Top Pick Aug 24/10, Up 19.72%) It’s cheap based on just existing production and you get all the exploration for free. 45% light oil. Has exceptional upside.

BUY

Management is committed to fast growth and they are making things happen..

HOLD

Likes the name. Has exposure to some prospective oil fields. Had a few misses. Grooming it to Sell.

PARTIAL BUY

Really likes this name. Have a core oil production out of the Bakken. Trades around 7X enterprise value to cash flow to next year’s production. Real upside is in the natural gas assets in northeast BC. Good Risk/Reward. No need to rush, just pick away at it.

DON'T BUY

Doesn't follow this closely, but in his quantitative strategy, he has a Short position in the name.

BUY

Focused on very rapid production growth. A lot of the junior names have been out of favour over the summer and have just started to come back to life.

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TOP PICK

We are going into a seasonably weak market for oil and gas. A story that is not on the radar screen of most investors.

BUY

Pretty well run company. Sees the stock as being a potential multi-bagger. You could buy at 6.50 and hold for two years.

BUY

Pulled back with all the other oil/gas stocks. High-growth play that is looking for home runs. Good management. Probably a little expensive but has some pretty ambitious targets. Good name for the long run but be prepared to ride this storm out.

BUY

Have a mixture of light oil assets in the Bakkens. Great balance sheet. Very debt averse.

WEAK BUY

Hates A/Bs (classes). She would not buy the ‘B’s. They are not liquid enough to get the participation from results as the ‘A’s. This is an expensive stock, but it doesn’t mean it wont go up.

HOLD

Haven't purchased any recently but also have not sold. Growing into their price with more success in the Bakken. Have also brought in a whole new core area in northeast BC, which will be focused on gas.

HOLD

A Saskatchewan Bakken play. Very well run. Valuation is getting a little higher so she would not be buying more herself. Have a tract of land right in the heart of the Montney area of BC.

Showing 181 to 195 of 206 entries

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