Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

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.

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Prairie Provident Resources Inc > What Next?

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Post by energeeon Feb 13, 2021 9:16pm

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Post# 32563521

What Next?

The February 4 close was $0.025. Since that date the share price has more than doubled to ~$0.06 on 22.5M shares. No news from the Co.

IMO, this SP increase is a result of a number of possible reasons:

Momentum from rising commodity prices (AECO gas at $6.71 CDN on Feb 11; oil price now at mid $50's USD).
Increased market interest in the sector.
A possible deal in the works (eg. recap).
A private accumulator of the stock who wants it all.
Games being played.
A potential NAFTA/USMCA ruling at some point, outcome unknown (assumes these NAFTA lawyers figure out how to type a decision at some point).
Great new wells or a growth plan not yet apparent due to absence of information from the Co as their Corporate Presentation is ~1 year old.