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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 Justhalffullon Sep 15, 2021 11:11am
75 Views
Post# 33861658

RE:RE:PPR

RE:RE:PPRI think the share cancellation in relation to GoldmanSachs may have bought them some time.  No doubt that the debt remains very high and the hedges limit their ability to pay much down.  While I don't think this will ever be a $1.00 stock with the name Prairie Provident, I am betting the new CEO Berthelet can keep it going forward to some degree.  My sell target is .25.  One freebie which I think is getting no value whatsoever in the SP is the Lone Pine NAFTA case.  Case decision was supposed to be summer of 2021, which is running out soon.  I'm hoping they get something, perhaps $50,000,000 in damages.  Should this happen, then who knows where PPR goes.
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