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Painted Pony Energy Ltd. (PONY.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.6900+0.0050 (+0.73%)
At close: 3:58PM EDT
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Previous Close0.6850
Open0.6800
Bid0.6800 x N/A
Ask0.6900 x N/A
Day's Range0.6800 - 0.6900
52 Week Range0.2000 - 0.8500
Volume277,170
Avg. Volume146,003
Market Cap111.087M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov. 04, 2020 - Nov. 11, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.60
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  • GlobeNewswire

    Canadian Natural Resources Limited Completes Acquisition of Painted Pony Energy Ltd.

    CALGARY, Alberta, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Painted Pony Energy Ltd. (“Painted Pony”) (TSX: PONY) today announces the closing of the previously announced acquisition of Painted Pony by Canadian Natural Resources Limited ("Canadian Natural") (TSX, NYSE: CNQ) pursuant to a plan of arrangement (the “Arrangement”). Pursuant to the Arrangement, shareholders of Painted Pony received $0.69 in cash for each share held at the effective time of the Arrangement. A form of letter of transmittal pursuant to which registered shareholders of Painted Pony can submit their share certificates in order to receive the cash consideration under the Arrangement was mailed to all registered shareholders. A copy of the letter of transmittal has been filed on Painted Pony’s profile at www.sedar.com and has been posted on Painted Pony’s website. Shareholders of Painted Pony who hold their shares through a broker are not required to submit a letter of transmittal; rather they will receive the cash consideration through their brokerage account.The Painted Pony common shares will be de-listed from the Toronto Stock Exchange within a few trading days and Painted Pony will make an application to cease to be a reporting issuer.Additional information regarding the Arrangement is provided in the management information circular of Painted Pony dated August 31, 2020, which is available on the SEDAR website at www.sedar.com under Painted Pony’s profile.ABOUT CANADIAN NATURALCanadian Natural is a senior oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the U.K. portion of the North Sea and Offshore Africa.For further information:Canadian Natural Tim S. McKay PresidentMark A. Stainthorpe Chief Financial Officer and Senior Vice-President, FinanceJason M. Popko Manager, Investor Relations(403) 514-7777 ir@cnrl.com www.cnrl.comCertain information regarding Painted Pony contained herein may constitute forward-looking statements under applicable securities laws.  Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Refer to Canadian Natural's website for complete forward-looking statements www.cnrl.com

  • GlobeNewswire

    Court of Queen’s Bench of Alberta Approves Painted Pony’s Proposed Transaction with Canadian Natural Resources Limited

    CALGARY, Alberta, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Painted Pony Energy Ltd. (“Painted Pony”) (TSX: PONY) today announces that the Court of Queen’s Bench of Alberta has granted a final order approving the previously announced proposed transaction with Canadian Natural Resources Limited (TSX, NYSE: CNQ) (the “Arrangement”). The Arrangement was approved by more than 88% of shareholders and optionholders (voting together as a single class) who voted at a special meeting of Painted Pony held on October 1, 2020. The Arrangement is still subject to other standard conditions to closing. Additional information regarding the Arrangement is provided in the management information circular of Painted Pony dated August 31, 2020, which is available on the SEDAR website at www.sedar.com under Painted Pony’s profile. Assuming the satisfaction of the remaining conditions to closing, the transaction is expected to close on or about October 6, 2020.DEFINITIONS AND ADVISORIES Currency: All amounts referred to in this press release are stated in Canadian dollars unless otherwise specified.Forward-Looking Information: This press release contains certain forward-looking information within the meaning of Canadian securities laws. Forward-looking information relates to future events or future performance and is based upon Painted Pony’s current internal expectations, estimates, projections, assumptions and beliefs. All information other than historical fact is forward-looking information. Words such as “expect”, “anticipate”, “may”, “will”, “proposed” and other similar words that indicate events or conditions may occur are intended to identify forward-looking information. More particularly and without limitation, this press release contains forward looking information relating to the ability of the parties to satisfy the other conditions to, and to complete, the Arrangement; and the anticipated timing of the closing of the Arrangement.The forward-looking information provided in this press release is provided in reliance on certain assumptions that Painted Pony believes are reasonable at this time, including assumptions as to the ability of the parties to satisfy, in a timely manner, the remaining conditions to the closing of the Arrangement.By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond Painted Pony’s control. Completion of the Arrangement is subject to a number of conditions which are typical for transactions of this nature. Failure to satisfy any of these conditions may result in the termination of the Arrangement. The foregoing list is not exhaustive. Additional information on these and other risks that could affect completion of the Arrangement are set forth in the management information circular, which is available on SEDAR at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The actual results could differ materially from those expressed in, or implied by, this forward-looking information and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Painted Pony will derive therefrom.Painted Pony disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.ABOUT PAINTED PONYPainted Pony is a publicly traded natural gas company based in Western Canada. Painted Pony is primarily focused on the development of natural gas and natural gas liquids from the Montney formation in northeast British Columbia. Painted Pony’s common shares trade on the TSX under the symbol “PONY”.Contact Information: Patrick R. Ward President and Chief Executive OfficerStuart W. Jaggard Chief Financial OfficerJason W. Fleury Director, Investor Relations (403) 776-3261(403) 475-0440 1-866-975-0440 toll free ir@paintedpony.ca www.paintedpony.ca