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Prospera Energy Inc GXRFF


Primary Symbol: V.PEI

Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path.


TSXV:PEI - Post by User

Post by traderguy5000on Apr 15, 2024 12:42pm
169 Views
Post# 35989629

Weak

Weak1.5M just sold at 7.5. Bid now 7. Bought a few more. I like the story, but not the price action. PEI is selling at 25% of NPV. 5000 bpd by year end, and profitable. What's not to like? Yet the stock is a dog. What does this big seller know that we don't?  
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