Friday, May 15, 2026

Painted Pony Closes $224 Million Montney Acquisition, Announces New Name

Painted Pony appoints directors, increases credit facility Painted Pony (ticker: PPY) closed its acquisition of 108 net sections in Northeast British Columbia from UGR Blair Creek, a subsidiary of Unconventional Resources Canada. Painted Pony paid for this acquisition with 41 million shares of the company, which equates to $224 million at current prices. Painted Pony will also assume UGR’s $48