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Bullboard - Stock Discussion Forum
Prairie Provident Resources Inc
T.PPR
Alternate Symbol(s):
PRPRF
Energy
Oil & Gas E&P
Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated...
natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.
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Company Website
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Bullboard (TSX:PPR)
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(149)
•••
pennydredful
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Post by
pennydredful
on Dec 20, 2022 9:52am
when a senior officer or director resigns
abruptly for no reason. Often the unspoken reason is he or she wants to cash out
...more
(10)
•••
maramos98
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Comment by
maramos98
on Dec 20, 2022 7:01am
RE:Tony Berthelet
The director with the most skin in the game is Matthew Shyba with over 6 million shares. Over 50% are held in RRSP account.
(276)
•••
Buyreallow
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Post by
Buyreallow
on Dec 20, 2022 5:56am
Tony Berthelet
Tony has a history of job change. In the 24 or so years since he graduated, he has worked in various positions at more than 10 companies in the energy field. What will be interesting to
...more
(149)
•••
pennydredful
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Comment by
pennydredful
on Dec 19, 2022 8:53pm
RE:RE:RE:RE:RE:RE:RE:PPR Debt
It is more a case that when the current debt was put on by Prudential years ago AROs were not considered to be ranked
...more
(149)
•••
pennydredful
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Post by
pennydredful
on Dec 19, 2022 8:42pm
There has been a fairly large turnover of personnel here
Among senior management -- Presidents , Financial officers and board of directors .
(177)
•••
Roscoe747
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Comment by
Roscoe747
on Dec 19, 2022 8:30pm
RE:RE:RE:RE:New Press Release - Prairie Provident Resources Announces Management Change
Looks to me that Tony pulled the plug on PPR rather than go down with the ship. While PPR has a facility term until Dec/23, they are still required to comply to covenants and feviews every 6 months
...more
(10)
•••
maramos98
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Comment by
maramos98
on Dec 19, 2022 6:24pm
RE:RE:RE:New Press Release - Prairie Provident Resources Announces Management Change
Filled today. Application 1941484 Prairie Provident Resources Canada Ltd. Public notice of application issued at Calgary, Alberta, on December 19, 2022. Activity Application to transfer
...more
(15)
•••
SilverSam
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Comment by
SilverSam
on Dec 19, 2022 6:23pm
RE:RE:RE:New Press Release - Prairie Provident Resources Announces Management Change
In every press release I can ever recall reading which involved the departure of the CEO, there was always an acknowledgement of service rendered to the company. Even if he was dismissed, he
...more
(111)
•••
filefish
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Comment by
filefish
on Dec 19, 2022 6:12pm
RE:RE:New Press Release - Prairie Provident Resources Announces Management Change
Its a strange NR when the Company is "pleased to announce" something when CEO departs and no explanation is given.
(10)
•••
maramos98
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Comment by
maramos98
on Dec 19, 2022 6:00pm
RE:New Press Release - Prairie Provident Resources Announces Management Change
Did Tony quit or was he fired?
(0)
•••
PressRelease
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Post by
PressRelease
on Dec 19, 2022 5:01pm
New Press Release - Prairie Provident Resources Announces Management Change
CALGARY, Alberta, Dec. 19, 2022 (GLOBE NEWSWIRE) -- Prairie Provident Resources Inc. ("Prairie Provident" or the "Company") is pleased to announce the appointment of Patrick R. McDonald, who has served as Chairman of the Company since March 2011 and continues in that role, as Interim Chief...
read article.
(276)
•••
Buyreallow
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Comment by
Buyreallow
on Dec 19, 2022 7:19am
RE:RE:RE:RE:RE:RE:PPR Debt
No, not the wrong board. Go to the PPR news link on their webpage, and select 2021 news archives. The first article dated Dec 29 2021 is the renewal of their credit facilities until Dec 31
...more
(15)
•••
SilverSam
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Comment by
SilverSam
on Dec 19, 2022 12:24am
RE:RE:RE:RE:RE:RE:PPR Debt
My understanding was that they were looking to re-finance their debt, whether that occurs with their current providers or with someone new. At the time that they were in discussions, the
...more
(149)
•••
pennydredful
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Comment by
pennydredful
on Dec 17, 2022 7:31pm
RE:RE:RE:RE:RE:PPR Debt
POR ? Are you on the wrong board ? I guess the new finacing they are looking
...more
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