Not sure I like the decision to borrow, nor to acquireI'm not sure I like the decision to borrow and to get on the acquisition hampster wheel. Acquiring properties? not sure about that, Prospera should focus on shareholder return. Doesn't Prospera have plenty of reserves, there is no need to add on more? I would prefer Samuel just stay within our means, execute the drilling program, focus on overcoming manageable legacy challenges, the oil will come on line and the free cash flow will lift the stock price. To me it's discipline, work within what the cashflows give you, ues debt sparingly, return to shareholders. A lot of oil patch companies borrow to much, buy mediocre oil fields at the wrong time and blow it.
On the other hand, it's not that big a loan, if the proceeds go to short term drilling and the outcome is basically known, then OK.
FYI - I'm long Prospera, but I view it as somewhat risky, so it's in my TFSA and margin accounts, not by retirement funds.
Good luck to all. Likely a multi-bagger here