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Prospera Energy Inc V.PEI

Alternate Symbol(s):  GXRFF

Prospera Energy Inc. is a Canada-based energy company. The Company specializes in the exploration, development, and production of crude oil and natural gas. Its core properties include Cuthbert, Luseland and Heart Hills in Saskatchewan; and Red Earth and Pouce Coupe in Alberta. Its Phase II restructured development program intends to increase production. The Phase II development entails the drilling of 10 horizontal wells in heavy oil and 8 slanted wells in medium-light oil to accelerate growth and capture the remaining reserves (400 million bbls). It also seeks to reduce its environmental and surface footprint by eliminating the numerous vertical well leases along the lateral path.


TSXV:PEI - Post by User

Comment by AlfTanneron Mar 15, 2023 9:49am
93 Views
Post# 35339451

RE:RE:Reverse split needed

RE:RE:Reverse split neededI am just saying a $1 stock price is much more attractive to institutions.  Under $1 makes it look like a dilution machine scam.  A lot of institutions will not touch a stock under $1 no matter how good the fundamentals are.  Just because other stocks have a ridiculous share count does not make it a good idea.  If management does not fix the share count, it shows they are not serious about having a successful company.  This kind of share price tends to attract penny stock flippers rather than long term investors.
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