(Editor's Note: Investors should be mindful of the risks of transacting in securities with limited liquidity, such as PDPYF. Painted Pony's listing in Toronto, PONY.TO, offers stronger liquidity.)
Painted Pony (OTCPK:OTCPK:PDPYF) still can't generate any profit at current prices and costs. Despite increased fund flows and production, the company needs higher gas prices.
The Q2 2018 results show that NGL production and marketing diversification help a bit, but that's not enough.
The market values Painted Pony on a low flowing barrel metric. But the valuation reflects the risky profile of the company.