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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium oil. Its core areas also include Princess. The Company's subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.


TSX:PPR - Post by User

Comment by 3woodon Sep 21, 2016 9:18am
83 Views
Post# 25259869

RE:PPR's current key metrics imply triple-digit upside

RE:PPR's current key metrics imply triple-digit upsideYes, there is potential but industry hasn't forgotten this management team has a track record of "losing" investor's money. I wouldn't feel comfortable investing till I saw a couple of financial statements - especially their G&A. There isn't a lot of trust here and from what I've heard the merger has created a ton of internal problems. If oil goes up, everybody goes up - IMHO, those other companies are safer bets.
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