Painted Pony Energy (OTCPK:PDPYF) has managed to achieve realised prices for its natural gas that average significantly above Western Canadian (AECO or Westcoast Station 2) benchmark prices due to its efforts at market diversification and its fixed price contracts. However, enough of its production is still tied to Western Canadian spot prices that it may incur modest cash burn during 2019 while keeping its production relatively constant during the year.
Painted Pony primarily trades as PONY on the Toronto Stock Exchange. All numbers are in unless otherwise noted.
Operations
Painted Pony is