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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 traderguy5000on Apr 25, 2024 12:19pm
123 Views
Post# 36007392

RE:RE:$0.065 this morning

RE:RE:$0.065 this morning$0.05 is looking like an easy call right now. Market sell off, late filing, debt concerns and investors fleeing PEI. I'll continue to accumulate. I think this is binary. PEI is either in deep trouble, or these concerns are much ado about nothing, and PEI is a 5-10 bagger by year end.  Nevertheless, PEI is a perfect example of not being able to know everything about a company, and what you don't know can kill you. 
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