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Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Petrus Resources Ltd. is a Canadian energy company. The principal undertaking of the Company is the investment in energy business-related assets. The operations of the Company consist of the acquisition, development, exploration and exploitation of these assets. Its assets include Ferrier, North Ferrier, Thorsby and Foothills. Its core area, Ferrier, is a resource play. The Ferrier is a liquids rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company.


TSX:PRQ - Post by User

Post by vocex1on Jun 14, 2022 12:49am
227 Views
Post# 34754122

Correction Continues

Correction ContinuesLet's face it folks Petrus shares went parabolic and now we are seeing sellers and profit taking, but combined with a major selloff in world markets, always with the US markets leading. Peaking @ 3.42 low today @ 2.72, that's a 20% correction, very quickly, just like the accelerated run up we just saw . Meanwhile, in the non-equities, non margin call world, Crude is @ $121/bbl, NG @ 8.50+. You can print money, you can run paper assets up and down, but you cannot print more crude and NG, you have to use your knowledge, skill and sweat to drag that fossil fuel energy out if the ground. God bless the Gray Brothers and their attitude towards creating essential energy. In a fashion that controls debt, enhances experiential knowledge of the resource, maintains strong relationships with field manpower resources, engages existing shareholders in financing growth rather than listening to the siren call of Toronto banking vultures who would dictate terms and take away the firm's independence to determine Petrus' destiny. I have been advising my 16 year old granddaughter, who is interested now in investing, to observe the performance of management in order to select the best prospects. Her first investing venture is Petrus. She is getting into shares at a discount I told her to average in now as the general market finally comes to its senses and money flows away from unicorn stocks and gravitates toward the resources that allow the world and the markets to discern what is essential from what is ephemeral GLTA
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