Stocks to Watch: Painted Pony Energy Ltd. (TSX:PONY) Down -2.82%

At close of market on Thursday, Painted Pony Energy Ltd. (TSX:PONY) stock finished trading at -2.82%, bringing the stock price to $1.72 on the Toronto Stock Exchange. The stock price saw a low of $1.68 and a high of $1.75.

The company’s stock was traded 939 times with a total of 1,038,151 shares traded.

Painted Pony Energy Ltd. has a market cap of $276.9 million, with 160.99 million shares in issue.

Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company’s operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas processing facilities, compressor stations, processing facilities, and pipelines to facilitate transportation to reach their markets. Natural gas accounts for a substantial majority of sales, while oil accounts for only a small minority. The vast majority of its sales are conducted in Canada.

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