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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

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.


TSX:PPR - Post by User

Comment by RetailSuckeron Feb 10, 2019 3:04pm
58 Views
Post# 29344110

RE:RE:PPR has been buying back its shares AND insiders are buying

RE:RE:PPR has been buying back its shares AND insiders are buying
WD3940 wrote: Thx for your post stock. Lets keep it civilised, everyone is entitled to thier opinion and contribution to the board without your constant bashing.


The buybacks and cancellations are nice, but then undoing all the buybacks by awarding RSUs like they just did (presumably helping to get management to their targeted insider holding rates at the same time -- as opposed to buying shares with cash) is less nice. IMO they've won NAFTA and maybe they know it, this is unclear still. A $25m injection here would be a tremendous boon; however, not sure it wouldn't be watered down with more RSUs, additional empire building or salary increases in the name of retaining 'top talent'.
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