Last C$12.52 CAD
Change Today -0.42 / -3.25%
Volume 934.2K
PPY On Other Exchanges
Symbol
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As of 4:40 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

painted pony petroleum (PPY) Snapshot

Open
C$12.96
Previous Close
C$12.94
Day High
C$12.98
Day Low
C$12.42
52 Week High
08/21/14 - C$14.75
52 Week Low
11/27/13 - C$6.05
Market Cap
1.2B
Average Volume 10 Days
605.5K
EPS TTM
C$0.10
Shares Outstanding
93.6M
EX-Date
--
P/E TM
125.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PAINTED PONY PETROLEUM (PPY)

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painted pony petroleum (PPY) Details

Painted Pony Petroleum Ltd., a junior oil and gas company, explores, develops, and produces petroleum and natural gas resources in Western Canada. The company focuses primarily on natural gas in northeast British Columbia. As of December 31, 2013, it had interests in 193,945 net acres of land in British Columbia; and 38,343 net acres land in Alberta. The company has a strategic alliance with AltaGas Ltd. for the development of processing infrastructure and marketing services for natural gas and natural gas liquids. Painted Pony Petroleum Ltd. is headquartered in Calgary, Canada.

48 Employees
Last Reported Date: 08/12/14

painted pony petroleum (PPY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$350.0K
Founder and Advisor
Total Annual Compensation: C$249.3K
Chief Financial Officer and Vice-President of...
Total Annual Compensation: C$88.3K
Vice President of Corporate Development
Total Annual Compensation: C$211.7K
Vice President of Engineering
Total Annual Compensation: C$248.0K
Compensation as of Fiscal Year 2013.

painted pony petroleum (PPY) Key Developments

Painted Pony Petroleum Ltd. Presents at FirstEnergy Global Energy Conference, Sep-15-2014 11:50 AM

Painted Pony Petroleum Ltd. Presents at FirstEnergy Global Energy Conference, Sep-15-2014 11:50 AM. Venue: Intercontinental London Park Lane, One Hamilton Place Park Lane, London , W1J 7QY, United Kingdom. Speakers: Patrick Russel Ward, Chief Executive Officer, President and Director.

Altagas Ltd. and Painted Pony Petroleum Ltd. Sign Definitive Agreements to Enter into a 15-Year Strategic Alliance

AltaGas Ltd. and Painted Pony Petroleum Ltd. announced they have signed definitive agreements to enter into a 15-year strategic alliance for the development of processing infrastructure and marketing services for natural gas and natural gas liquids. The Strategic Alliance will provide for the development of essential liquids-rich gas processing infrastructure in northeast British Columbia and will provide preferred access to international energy markets for Painted Pony's Montney production. In the first phase of the Strategic Alliance, AltaGas will construct and operate a 198 Mmcf/d shallow-cut gas processing facility in the Montney resource play, of which Painted Pony will maintain the right to a minimum 150 Mmcf/d of firm capacity. The Strategic Alliance is expected to further expand AltaGas' fully integrated midstream business, while providing essential gas processing infrastructure for Painted Pony's world class Montney reserves and access to global natural gas and natural gas liquids end use markets. The Townsend Facility will be located approximately 100 kilometers north of Fort St. John and 20 kilometers southeast of AltaGas' Blair Creek facility, through which Painted Pony has already been processing a significant portion of its Montney production. The Townsend Facility is estimated to cost approximately $325 to $350 million, to be constructed and funded by AltaGas, and is expected to be in-service by the end of 2015. Commercial operation is subject to regulatory and other customary approvals. In addition to the construction of key gas processing infrastructure, AltaGas will become the primary marketer for Painted Pony's natural gas and natural gas liquids production from its northeast British Columbia land base and AltaGas will seek premium marketing transactions for Painted Pony's products through its extensive North American and global network. Painted Pony will become a significant supplier to AltaGas under the Strategic Alliance, which will provide preferred access to export opportunities for liquefied natural gas and natural gas liquids from existing and planned facilities. Upon completion of the first phase of the Strategic Alliance, further opportunities for the build-out of additional natural gas and natural gas liquids processing infrastructure in northeast British Columbia are expected, including a potential second phase expansion of the Townsend Facility which could include a deep-cut system for the enhanced recovery of additional natural gas liquids and fractionation facilities. This will provide added capability to process and transport Painted Pony's significant reserves and meet demand for increased processing infrastructure in the region. Ultimately, this will contribute to developing world class assets in northeast British Columbia with full capability of delivering natural gas and natural gas liquids from well-head to continental and international markets.

Painted Pony Petroleum Ltd. Reports Earnings and Operating Results for the Second Quarter and Six Months June 30, 2014; Provides Production Guidance for the Year 2014

Painted Pony Petroleum Ltd. reported earnings results for the second quarter and six months June 30, 2014. For the quarter, the company reported petroleum and natural gas revenue was CAD 54.4 million against CAD 24.6 million a year ago. Funds flow from operations was CAD 33.7 million or CAD 0.37 per diluted share against CAD 12.6 million or CAD 0.14 per diluted share a year ago. Net loss was CAD 18.9 million or CAD 0.21 per diluted share against net income of CAD 0.7 million or CAD 0.01 per diluted share a year ago. Capital expenditures were CAD 30.1 million against CAD 15.2 million a year ago. For the six months, the company reported petroleum and natural gas revenue was CAD 91.6 million against CAD 50.2 million a year ago. Funds flow from operations was CAD 53.2 million or CAD 0.59 per diluted share against CAD 26.7 million or CAD 0.30 per diluted share a year ago. Net loss was CAD 20.4 million or CAD 0.23 per diluted share against CAD 1.1 million or CAD 0.01 per diluted share a year ago. Capital expenditures were CAD 77.6 million against CAD 67.7 million a year ago. For the quarter, the company reported Natural gas was 76,977 mcf per day against 39,220 mcf per day a year ago. Crude oil was 907 bbls per day against 1,006 bbls per day a year ago. Natural gas liquids were 1,293 bbls per day against 385 bbls per day a year ago. Total production was 15,029 boe per day against 7,928 boe per day a year ago. For the six months, the company reported Natural gas was 63,864 mcf per day against 39,974 mcf per day a year ago. Crude oil was 867 bbls per day against 1,205 bbls per day a year ago. Natural gas liquids were 885 bbls per day against 396 bbls per day a year ago. Total production was 12,396 boe per day against 8,260 boe per day a year ago. Painted Pony expects production volumes for 2014 to average approximately 13,500 boe/d (89% natural gas). This represents a 55% increase over 2013 average production of 8,693 boe/d. Painted Pony to expand its 2014 capital budget to CAD 206 million from its previous level of CAD 169 million.

 

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Price/Cash Flow 38.2x
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