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.

TSX:PPR - Post by User

Prairie Provident Resources Inc > What Next?

<< Previous

Bullboard Posts

Next >>

Post by energeeon Feb 13, 2021 9:16pm

251 Views

Post# 32563521

What Next?

The February 4 close was $0.025. Since that date the share price has more than doubled to ~$0.06 on 22.5M shares. No news from the Co.

IMO, this SP increase is a result of a number of possible reasons:

Momentum from rising commodity prices (AECO gas at $6.71 CDN on Feb 11; oil price now at mid $50's USD).
Increased market interest in the sector.
A possible deal in the works (eg. recap).
A private accumulator of the stock who wants it all.
Games being played.
A potential NAFTA/USMCA ruling at some point, outcome unknown (assumes these NAFTA lawyers figure out how to type a decision at some point).
Great new wells or a growth plan not yet apparent due to absence of information from the Co as their Corporate Presentation is ~1 year old.