Why we like PPY is for its long-dated reserves to backstop export plans could see Painted Pony Petroleum Ltd as a takeout this year.

Even without a takeout at low 10 dollars a very nice play in our view.

There highly contiguous tracts of land in areas already delineated as hosting amongst the most prolific Montney gas resource in the basin and situated within the most favourable royalty window in NEBC will arrive at Painted Pony as being the company that fits this bill the best in class.