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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 > How you feel holding PPR when Oil reach $115?
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Comment by maramos98on Mar 06, 2022 7:46am
167 Views
Post# 34487762

RE:RE:RE:RE:How you feel holding PPR when Oil reach $115?

RE:RE:RE:RE:How you feel holding PPR when Oil reach $115?2022 guidance is based on $70 WTI. Extra cash flow from WTI > $100 should allow PPR to drill a few extra wells in 2022. In PPR's current situation, paying back debt is not a priority. They need to increase production in order to take advantage of high energy prices.
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