Bullboard - Stock Discussion Forum 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... see more

TSX:PPR - Post Discussion

Prairie Provident Resources Inc > PPR

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Post by baranja on Sep 15, 2021 10:20am

PPR

In distress? this one is priced for backurpupcy? I understand thay have bad hedges,.. but still, insane valuations.

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Comment by baranja on Sep 15, 2021 10:24am

Could this one turn around as JOY? Debt is bit too high here.

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Comment by Justhalffull on Sep 15, 2021 11:11am

I 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. ...more

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Comment by baranja on Sep 15, 2021 11:23am

This? Looks like QC and CAN killed some licenses. Man I would live to see Can pay some fhat anti oil and gas climate fraud. Definatlly, a crime on behalf of Can and QC. The claimant alleges that the revocation of the river licence violates Canada’s obligations under articles 1105 (Minimum Standard of Treatment) and 1110 (Expropriation). More specifically, it alleges that the passing ...more

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Comment by Justhalffull on Sep 15, 2021 11:31am

Well I think that they should be compensated to some extent. But both Canada and Quebec argue they owe nothing. I don't think they would ever get the $118 million they claim, I'm hoping they will be compensated for some of the spending directly related to the river properties. $50 would be nice, but any amount would serve to reduce the $113 million debt somewhat.

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