Painted Pony: Potential 50% Upside On Positive Growth Catalysts
- Painted Pony has surged by 65% in 2014 with more upside potential over the next 12-18 months.
- Painted Pony’s recent divestment frees up funds for great focus on core Montney asset and accelerated development.
- With over 60 net wells to be drilled in 2014 and 2015, Painted Pony is likely to have a strong production and revenue growth in both the years.
- Painted Pony is undervalued compared to peers and also as compared to the NPV of its reserves, pointing to a potential 50% upside.