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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Prairie Provident Resources Inc > Matt Shyba

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Comment by filefishon Sep 16, 2022 2:44pm

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Post# 34967637

RE:RE:RE:RE:RE:Matt Shyba

Matt bought another 100,000 shares this week.
Wonder what he has in mind?

Filed 2022-09-15 22:06 Tx date 2022-09-13	$PPR Prairie Provident Resources Inc.	Shyba, Matthew 4 - Director of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$21,000 +100,000 vol $0.21 each	2,627,500

filefish wrote: Might be because they are cushioned on the downside by their current oil and gas hedges.
Lets see if Matt or Tony step up on their stock purchases. That will tell a story.
In the meantime, on their oil hedges going forward, I am seeing put spreads being used instad of collars as in the past.
The spreads are at levels well below the current WTI price. If WTI remains at levels above the put spreads, how does that effect their hedging gains/losses?

SilverSam wrote: Actually, if you look at the PPR chart, the stock price has held up quite well when compared to the $30.00 drop in the price of oil in the last 3 months. In fact, I would suggest that the stock has outperformed a number of its peers. Treading water in a down market is a sign of resilience.