Painted Pony Energy

PONY-T

Analysis and Opinions about PONY-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
March 23, 2018

Although it is producing more oil today, it is trading near five year lows, he says. The trend has been down for several years, but the short-term bullish retracement allows an opportunity to place a stop around $1.98. It is the seasonal strong period and we should see resistance around $2.39. He would like to see this stock really accelerate with the recent rally in oil prices.

Show full opinionHide full opinion

Although it is producing more oil today, it is trading near five year lows, he says. The trend has been down for several years, but the short-term bullish retracement allows an opportunity to place a stop around $1.98. It is the seasonal strong period and we should see resistance around $2.39. He would like to see this stock really accelerate with the recent rally in oil prices.

COMMENT
COMMENT
March 15, 2018

Don't buy natural gas now, unless you're doing a short-term tactical trade. He's expecting Shell to come in within the next few months with an investment, Natural gas will be under pressure until 2023 and meanwhile not enough pipelines can carry it away. Long term, though, this and other nat. gas stocks could double after five years.

Show full opinionHide full opinion

Don't buy natural gas now, unless you're doing a short-term tactical trade. He's expecting Shell to come in within the next few months with an investment, Natural gas will be under pressure until 2023 and meanwhile not enough pipelines can carry it away. Long term, though, this and other nat. gas stocks could double after five years.

BUY
BUY
March 8, 2018

It is down big time. You can see how the market feels. They have a vast resource. He has to take a short term trade on the believe that LNG will go forward.

Show full opinionHide full opinion

It is down big time. You can see how the market feels. They have a vast resource. He has to take a short term trade on the believe that LNG will go forward.

PAST TOP PICK
PAST TOP PICK
February 26, 2018

(A Top Pick Mar 9/17, Down 69.03%) This has been a very well managed company with the 3rd largest Nat Gas resource. You had to pay your customers to take your product away last fall. It costs money to shut in your gas so they paid customers to take it away. If you look at a 10 year chart, the production has gone up 60 times as much and the stock went from $1.25 to $1.90. There is an opportunity here.

Show full opinionHide full opinion

(A Top Pick Mar 9/17, Down 69.03%) This has been a very well managed company with the 3rd largest Nat Gas resource. You had to pay your customers to take your product away last fall. It costs money to shut in your gas so they paid customers to take it away. If you look at a 10 year chart, the production has gone up 60 times as much and the stock went from $1.25 to $1.90. There is an opportunity here.

WATCH
WATCH
February 22, 2018

He hasn't jumped in yet. A well-managed company. For the longer term, they will do fairly well. Deserves a look at current levels.

Show full opinionHide full opinion

He hasn't jumped in yet. A well-managed company. For the longer term, they will do fairly well. Deserves a look at current levels.

COMMENT
COMMENT
February 16, 2018

He doesn’t know the fundamentals of the company. Nowhere to hang your hat. Resistance at the 3 dollars level.

Show full opinionHide full opinion

He doesn’t know the fundamentals of the company. Nowhere to hang your hat. Resistance at the 3 dollars level.

DON'T BUY
DON'T BUY
February 9, 2018

They are one of the names suffering the long-term structural issue. It is hard to have capital tied in Canada.

Show full opinionHide full opinion

They are one of the names suffering the long-term structural issue. It is hard to have capital tied in Canada.

DON'T BUY
DON'T BUY
February 5, 2018

We need an LNG announcement in the coming year to get gas out of western Canada. The debt is creeping up as they don’t get the gas they forecast out of Canada.

Show full opinionHide full opinion

We need an LNG announcement in the coming year to get gas out of western Canada. The debt is creeping up as they don’t get the gas they forecast out of Canada.

COMMENT
COMMENT
January 15, 2018

The mix is very good. $6.30 is the book value. The balance sheet is good. It is trading at a third of book value. People think the company won’t survive but he disagrees. This is trading at survival value. They have hedges on the gas price. He likes what he is seeing. He is looking into it seriously.

Show full opinionHide full opinion

The mix is very good. $6.30 is the book value. The balance sheet is good. It is trading at a third of book value. People think the company won’t survive but he disagrees. This is trading at survival value. They have hedges on the gas price. He likes what he is seeing. He is looking into it seriously.

COMMENT
COMMENT
January 10, 2018

The big question is, when will we get LNG on the West Coast of Canada. This was started to be talked about around 11-12 years ago, and we still don't have anything as a final investment decision. Most demand for natural gas is in the lower part of the US. We are exporting it to Mexico. There is lots of gas in Pennsylvania and Ohio that is being sucked down there first, and what is left is the stranded gas which was left in Canada. Expects that sometime in 2018, Shell goes ahead with this project, which will get the Canadian gas stocks finally moving. This is still 5 years away. Very speculative.

Show full opinionHide full opinion

The big question is, when will we get LNG on the West Coast of Canada. This was started to be talked about around 11-12 years ago, and we still don't have anything as a final investment decision. Most demand for natural gas is in the lower part of the US. We are exporting it to Mexico. There is lots of gas in Pennsylvania and Ohio that is being sucked down there first, and what is left is the stranded gas which was left in Canada. Expects that sometime in 2018, Shell goes ahead with this project, which will get the Canadian gas stocks finally moving. This is still 5 years away. Very speculative.

DON'T BUY
DON'T BUY
January 5, 2018

The trouble with this company and the whole gas complex is that the outlook for Canadian gas is absolutely horrible. 2018 strip price for Canada is $1.25, which is down 8%. Typically, these names rally in the winter, but the winter trade is over. You have normalized weather returning next week. There is just too much gas production in Canada relative to the take away capacity. This is going to be a minimum two-year problem out to the 2nd half of 2019.

Show full opinionHide full opinion

The trouble with this company and the whole gas complex is that the outlook for Canadian gas is absolutely horrible. 2018 strip price for Canada is $1.25, which is down 8%. Typically, these names rally in the winter, but the winter trade is over. You have normalized weather returning next week. There is just too much gas production in Canada relative to the take away capacity. This is going to be a minimum two-year problem out to the 2nd half of 2019.

HOLD
HOLD
December 21, 2017

Gas prices in Canada has been decimated. This one has really done nothing for the last few years. Feels that a lot of the bad news is already in the stock. If you own, he wouldn't rush out to sell it, but wouldn't be buying any more at this time. They’re fairly good operators and there should be some growth, it's just that the underlying commodity is so weak that it is difficult for them. Also, there has been more pressure on because of tax loss reasons.

Show full opinionHide full opinion

Gas prices in Canada has been decimated. This one has really done nothing for the last few years. Feels that a lot of the bad news is already in the stock. If you own, he wouldn't rush out to sell it, but wouldn't be buying any more at this time. They’re fairly good operators and there should be some growth, it's just that the underlying commodity is so weak that it is difficult for them. Also, there has been more pressure on because of tax loss reasons.

WATCH
WATCH
December 18, 2017

Their volumes are going up. They have a hedging program. He does not think it is a bad balance sheet. He thinks it is very cheap after being beat up with tax loss selling. He is meeting with Management in January.

Show full opinionHide full opinion

Their volumes are going up. They have a hedging program. He does not think it is a bad balance sheet. He thinks it is very cheap after being beat up with tax loss selling. He is meeting with Management in January.

DON'T BUY
DON'T BUY
December 15, 2017

From an operational point of view, this is a decent company. They have decent assets. However, there is a very high debt level, which is probably the main reason why it has been getting destroyed on the stock market. For investors in a struggling sector, this is just not what they want. He wouldn't recommend this because of the debt. He would rather make less money on less risk on something else.

Show full opinionHide full opinion

From an operational point of view, this is a decent company. They have decent assets. However, there is a very high debt level, which is probably the main reason why it has been getting destroyed on the stock market. For investors in a struggling sector, this is just not what they want. He wouldn't recommend this because of the debt. He would rather make less money on less risk on something else.

COMMENT
COMMENT
September 13, 2017

Among the junior intermediates, this is a well-managed company. At these levels, this has caught his attention. They run a very good operation, and tend to have a fairly good discipline on their capital deployment. This is one he would be looking at to add in the near future.

Show full opinionHide full opinion
Painted Pony Energy (PONY-T)
September 13, 2017

Among the junior intermediates, this is a well-managed company. At these levels, this has caught his attention. They run a very good operation, and tend to have a fairly good discipline on their capital deployment. This is one he would be looking at to add in the near future.

PAST TOP PICK
PAST TOP PICK
September 11, 2017

(Top Pick Sep 19/16, Down 60%) It has really fallen. He owns it because it is the third largest Nat Gas reserve of the publicly traded companies. It is one of the fastest growing Nat Gas companies. This year they did an acquisition that was medium to long term accretive. Then their bank line was pushed and they issued debt. Now Nat Gas has fallen in half. We need improvement in Nat Gas pricing through exports.

Show full opinionHide full opinion
Painted Pony Energy (PONY-T)
September 11, 2017

(Top Pick Sep 19/16, Down 60%) It has really fallen. He owns it because it is the third largest Nat Gas reserve of the publicly traded companies. It is one of the fastest growing Nat Gas companies. This year they did an acquisition that was medium to long term accretive. Then their bank line was pushed and they issued debt. Now Nat Gas has fallen in half. We need improvement in Nat Gas pricing through exports.

WATCH
WATCH
September 8, 2017

This is clearly in a downward trend. That is not unusual. Most of the Canadian energy stocks have been in that trend for the last while. There is good reason to believe that the company, mainly a gas producer, is going to show signs of bottoming. The stock has support just below current levels. Other gassy stocks, during the last couple of weeks, has started to form some base building patterns. He would like to see this perform a technical pattern before recommending it. Put it on your radar list, because historically these kinds of stocks do well at this time of year.

Show full opinionHide full opinion

This is clearly in a downward trend. That is not unusual. Most of the Canadian energy stocks have been in that trend for the last while. There is good reason to believe that the company, mainly a gas producer, is going to show signs of bottoming. The stock has support just below current levels. Other gassy stocks, during the last couple of weeks, has started to form some base building patterns. He would like to see this perform a technical pattern before recommending it. Put it on your radar list, because historically these kinds of stocks do well at this time of year.

COMMENT
COMMENT
July 19, 2017

Hasn’t held this for about 2 years. If bullish on Canadian gas, this is not a bad name. They’ve suffered from an equity issuance they did earlier this year, where they diluted the shareholder base by about 58%. That was to get more drilling depth acreage, more contiguous where they can draw longer laterals. Trading inexpensively relative to its inventory depth, but there is a lack of a lot of pipeline, and thinks it will continue to sell at a disconnect. There are better names in the US.

Show full opinionHide full opinion

Hasn’t held this for about 2 years. If bullish on Canadian gas, this is not a bad name. They’ve suffered from an equity issuance they did earlier this year, where they diluted the shareholder base by about 58%. That was to get more drilling depth acreage, more contiguous where they can draw longer laterals. Trading inexpensively relative to its inventory depth, but there is a lack of a lot of pipeline, and thinks it will continue to sell at a disconnect. There are better names in the US.

DON'T BUY
DON'T BUY
June 12, 2017

A couple of years downtrend broke, which is a good thing.Then we took out the last low so it is officially in a down trend.

Show full opinionHide full opinion

A couple of years downtrend broke, which is a good thing.Then we took out the last low so it is officially in a down trend.

BUY
BUY
May 29, 2017

Production metrics fell off but the management team are always looking further out. Short term they are negative, but positive long term.

Show full opinionHide full opinion

Production metrics fell off but the management team are always looking further out. Short term they are negative, but positive long term.

DON'T BUY
DON'T BUY
May 25, 2017

When companies tell us they have great assets, and then go out and buy something else, he wonders why they have to do that. The company is in the penalty box.

Show full opinionHide full opinion

When companies tell us they have great assets, and then go out and buy something else, he wonders why they have to do that. The company is in the penalty box.

COMMENT
COMMENT
May 23, 2017

Did an acquisition which really ticked off a lot of investors diluting the share count by about 50%. The attraction of the company was that they had very good well results and very, very deep inventory. Management has had a tough time selling this. You just have to wait for this to clear. It screens very well on a valuation relative to growth rate. Extremely inexpensive relative to the growth rate and the running room they have now acquired.

Show full opinionHide full opinion

Did an acquisition which really ticked off a lot of investors diluting the share count by about 50%. The attraction of the company was that they had very good well results and very, very deep inventory. Management has had a tough time selling this. You just have to wait for this to clear. It screens very well on a valuation relative to growth rate. Extremely inexpensive relative to the growth rate and the running room they have now acquired.

DON'T BUY
DON'T BUY
May 8, 2017

This is more of a gas stock than anything else. Historically, these stocks do very well from around the last week in January to around the end of April. This year, that didn’t happen, and the technicals didn’t support the seasonal trade. Look for better opportunities elsewhere.

Show full opinionHide full opinion

This is more of a gas stock than anything else. Historically, these stocks do very well from around the last week in January to around the end of April. This year, that didn’t happen, and the technicals didn’t support the seasonal trade. Look for better opportunities elsewhere.

HOLD
HOLD
April 28, 2017

Recently hit his radar screens. Seems to be a well-managed company. They hit the pocket when a lot of the energy companies were having some difficulties. Have very good land positions. He is looking at this as a possible purchase.

Show full opinionHide full opinion

Recently hit his radar screens. Seems to be a well-managed company. They hit the pocket when a lot of the energy companies were having some difficulties. Have very good land positions. He is looking at this as a possible purchase.

DON'T BUY
DON'T BUY
March 23, 2017

He avoided the face plant they did. There are concerns about Canadian gas pricing. It is cheap. They reduced their cap-x. The stock fell in half and then they diluted by 59%.

Show full opinionHide full opinion

He avoided the face plant they did. There are concerns about Canadian gas pricing. It is cheap. They reduced their cap-x. The stock fell in half and then they diluted by 59%.

COMMENT
COMMENT
March 20, 2017

A small company in the Montney gas play. They have big resources and big upside if they were to be acquired. The issue is that gas prices have been pretty weak. They continue to issue stock to finance their activity, which is negative for the stock in the short term.

Show full opinionHide full opinion

A small company in the Montney gas play. They have big resources and big upside if they were to be acquired. The issue is that gas prices have been pretty weak. They continue to issue stock to finance their activity, which is negative for the stock in the short term.

PAST TOP PICK
PAST TOP PICK
March 9, 2017

(A Top Pick March 14/16. Up 26.62%.) He still likes this company. Natural gas prices have weakened considerably, particularly in Western Canada.

Show full opinionHide full opinion

(A Top Pick March 14/16. Up 26.62%.) He still likes this company. Natural gas prices have weakened considerably, particularly in Western Canada.

TOP PICK
TOP PICK
March 9, 2017

The company is looking for production growth of about 80% in 2017 and 40% in 2018. There is no other natural gas player in Western Canada that has those kinds of growth rates. The valuation is actually below the average of their peers, which is also very attractive. (Analysts’ price target is $10.)

Show full opinionHide full opinion

The company is looking for production growth of about 80% in 2017 and 40% in 2018. There is no other natural gas player in Western Canada that has those kinds of growth rates. The valuation is actually below the average of their peers, which is also very attractive. (Analysts’ price target is $10.)

COMMENT
COMMENT
December 6, 2016

A natural gas producer in Northeast BC. Have done an excellent job in executing their growth plan. They’ve got big plans out to 2020, and thinks they kind of want to broach that 100,000 barrels’ equivalent mark, and are currently at about 40,000. They have stepwise plan for adding infrastructure with their partner, AltaGas (ALA-T). AltaGas has built a plant, and have another phase planned. His issue is that they have vastly outspent cash flow and have ramped up debt levels. Management has done a fantastic job.

Show full opinionHide full opinion

A natural gas producer in Northeast BC. Have done an excellent job in executing their growth plan. They’ve got big plans out to 2020, and thinks they kind of want to broach that 100,000 barrels’ equivalent mark, and are currently at about 40,000. They have stepwise plan for adding infrastructure with their partner, AltaGas (ALA-T). AltaGas has built a plant, and have another phase planned. His issue is that they have vastly outspent cash flow and have ramped up debt levels. Management has done a fantastic job.

BUY WEAKNESS
BUY WEAKNESS
October 26, 2016

A good company in natural gas. Had a really good performance this year to date. A lot of natural gas companies have come down recently. If predictions are right for El Niña, there should be increased demand for natural gas. A good commodity to own in this environment. There will be some more volatility in the sector, so you could probably buy a little bit cheaper, perhaps 5%.

Show full opinionHide full opinion

A good company in natural gas. Had a really good performance this year to date. A lot of natural gas companies have come down recently. If predictions are right for El Niña, there should be increased demand for natural gas. A good commodity to own in this environment. There will be some more volatility in the sector, so you could probably buy a little bit cheaper, perhaps 5%.

Showing 31 to 60 of 205 entries