Painted Pony in the Green Despite Q4 Loss
Painted Pony Petroleum Ltd. (PPY.V) reported fourth quarter net loss of $40.7 million, or $0.56 per share, on revenues of $22.8 million. Funds from operations were $12.4 million, or $0.17 per share.
In the same period last year, the company had a net income of $1.5 million, or $0.02 per share, on revenues of $20.5 million. Funds from operations were $12.5 million, or $0.19 per share.
No analyst estimates were available for comparison.
PPY was up 7 cents to $10.22, trading near 52-week high $12.25.
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