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.
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.
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
In the last year, there was no coverage of Painted Pony Energy published on Stockchase.
Painted Pony Energy was recommended as a Top Pick by on . Read the latest stock experts ratings for Painted Pony Energy.
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.
0 stock analysts on Stockchase covered Painted Pony Energy In the last year. It is a trending stock that is worth watching.
On 2020-10-08, Painted Pony Energy (PONY-T) stock closed at a price of $0.69.