Prairie Provident Resources Inc T.PPR

Under valued and UNDER LOVED

[Chefboy69]

YES they have debt but at $75-$80 oil this company can climb out of debt in 2 Q's

I bet next earning smashing expectations and this doubles or triples 

FAST

I will be buying more at 0.08 if i see it..

[Justhalffull]

I'm not sure a triple is in the cards, a double maybe.  Problem is they have too much of their production hedged, and unless they can increase production and increase in revenue from oil and gas prices will be largely lost on the hedges.

[Amameal]

Increasing production is the way t pay down the debt. I was calling to increase production at the end of March. (Here is the post: https://stockhouse.com/companies/bullboard?symbol=t.ppr&postid=32920031 ) Either it is short of capital, or the management does not have enough willpower or guts to moving things forward.

[Justhalffull]

Are you oblivious to what happened in the oil patch.  In March prices of oil and gas were so low that they were about to shut down and declare bankruptcy. You can thank Mimi Lai for salvagiing something to keep it going.  The stock had lost 90% of its value, and they could not borrow enough money to buy coffee and donuts for their staff.  How were they supposed to increase

[Amameal]

Check the oil price of March, it went as high as 65.

[Justhalffull]

Yes, and in January it was $40.00.  That was the beginning of the oil price recovery.  When the pandemic started in spring of 2020, oil prices fell.  Over 100 oil and gas producers went bankrupt in 2020.  PPR was luckily not one of them, but that doesn't mean they went unscathed.  Their debt level is high, over $100 million.  Their quarterly cash flow is less than