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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 topdopon Nov 10, 2022 9:52am
354 Views
Post# 35088089

Divvy?

Divvy?

For those of us that had the foresight (and nerves) to follow the Gray money and buy PRQ at throw away prices over the past 5 - 6 years (I bought a bunch in my TSFA at 8c), the roadmap for our way forward can be seen over at PEY.

Notwithstanding that company's disastrous Hedging Program, we should now expect to see an inaugural divvy a year from now at PRQ and as just reward for the cyclical vision and patience needed - extreme at times - to have stayed the course - Gray clan in particular.

I fully expect that after their gutsy, and very welcome financial rescue, they too, will want paying, just like any shareholder. The PEY DNA is all over PRQ - and so with that should come an inaugural, token divvy later next year.

Disclosure: I own both.

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