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Petrus Resources Ltd T.PRQ

Alternate Symbol(s):  PTRUF

Petrus Resources Ltd. is a Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has an inventory of low-risk oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. The Ferrier is a liquid rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company. The Company is also evaluating Kakwa, an early-stage Dunvegan oil play, for potential further long term development.


TSX:PRQ - Post by User

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Comment by mike49on May 02, 2020 9:31pm
194 Views
Post# 30980301

RE:US natural gas declines

RE:US natural gas declinesSculpin2, i'm trying to think it out too.
I think good natty market to trade but too many unknowns to go long unless you were there already.
So just some ramblings...
Us side-traders yak about decreased gas production with shut in oil but how much was flared anyway
Us side-New York leading the way to block new residential gas consumption (greenies haven't left)
Us side- lawyers making hay trying to quash hedges and/or take or pay due to 'force mageure'
Canada side- peeps forget how much gas goes to oilsands/thermal for production.the drop in Condi should have been a clue.....
Canada side- BC and Quebec have no clue 
Canada side-infrastructure rationalization/optimization (alberta) set back at least a year
World side- new gas supplies columbia/trinidad/Brazil economic to bring on. Same Vietnam.
ngl hard pressed to compete if world quits globalization so.....
Oh yeah,prq board.
Waiting on back up from bdc or some such- revolver (operating line) based on term with review determination end of May.
Way I see it, no guarantee, bank lines get called.
doesn't help the cause that 4.5 mil spent in March so that q2 could be frugal.
I know,not as simple as that but still...
Crew here is young enough to consider banko a war wound.
I want success here because i actually admire mngt but going to be a hard slog.
Later
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