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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

Post by Nachoboyson Oct 29, 2017 4:34am
104 Views
Post# 26872981

Quebec greenlight is coming.

Quebec greenlight is coming.Not that this stock gives a shyt about fundamentals. Heres an article. Our 240k acres door-to-door to Questerre and Altai should today be dollars of PPR share price, not 0. The oil operations should be dollars too. Time to ask Goldman to make a dual lisiting on Oslo, this is ridiculous. Canadian market is sleeping. Too much hockey and weed I guess. https://affaires.lapresse.ca/economie/energie-et-ressources/201710/28/01-5141574-le-quebec-doit-exploiter-ses-hydrocarbures-dit-pierre-moreau.php The new Minister of Energy and Natural Resources, Pierre Moreau, believes that Quebec would be wrong not to exploit its hydrocarbons and deprive itself of the revenues they could generate. "Whether we like it or not, hydrocarbons are still part of our lives," said Pierre Moreau Friday before the Board of Trade of Metropolitan Montreal. Why can not we use the income from all our natural resources to enrich ourselves collectively? " The minister denounced the speech of some environmentalists who say that the new law on hydrocarbons will allow companies to explore in villages and waterways. "There are still people who hold this speech, he lamented. It will not arrive. "We must stop scaring the world," said Moreau, whose arrival at the Palais des congrs has resulted in a strong police presence, because of a handful of protesters. Pierre Moreau made it clear that he was not "the Minister of Oil", but that of natural resources. Quebec has adopted one of the most stringent hydrocarbon laws in the world, he said. Hydraulic fracturing does not meet the criteria of social acceptability, he acknowledged, but there are other methods of exploitation. "Will we be the only ones in the world to say to each other:" There is oil, what bad news "? " - Pierre Moreau, Minister of Energy and Natural Resources The minister believes that some regions are more open than others to the exploitation of hydrocarbons and that municipalities must be allowed to make these decisions. ENERGETIC TRANSITION Like other natural resources, hydrocarbons can be used to finance the energy transition and in particular the development of natural gas in transport. "The government will continue to support the expansion of the natural gas distribution system," for both economic and environmental reasons, Moreau said. In addition, the Minister of Energy and Natural Resources announced changes to programs administered by Transition Energie Qubec, the new organization whose $ 4 billion budget is to be used to fund green initiatives. Some of these programs work, others less, and the money will be shifted to the most popular programs, he said. "There will be an announcement soon with Hydro-Qubec," the minister said.
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