Post by
traderguy5000 on Apr 15, 2024 12:42pm
Weak
1.5M 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?
Comment by
Jandy2102 on Apr 15, 2024 9:34pm
Probably just found out for himself that Prospera owes everyone and their dog money.
Comment by
SuperTrader1970 on Apr 16, 2024 8:52pm
Prospera Energy is now raising $15 million for new oil drill programs. Up to $40 million total in expenditures for this year. Not good for shareholders value.
Comment by
Bigshortie on Apr 17, 2024 12:10am
That's a good thing. On average each well brings on 60-100 barrels a day, and lowers overall operating cost. Spend money to make money. Just hope it's mostly non-dillutive. If we're truly spending free cashflow on growing the company we're laughing.
Comment by
Thebeginner2020 on Apr 17, 2024 10:39am
Wake up and get out of your bubble. Of course, there will be further dilution. Prospera doesn't meet its goals and who pays the price?!?! Small shareholders! cvkingstorm and cryntowel are cheerleader investors who don't give a sh!t about losing money, so don't listen to them because they're blindfolded!!
Comment by
Bigshortie on Apr 17, 2024 11:47am
How much money did you lose?
Comment by
SuperTrader1970 on Apr 17, 2024 12:34pm
Logic question Answer he did Problem solved