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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 Justhalffullon Feb 14, 2021 12:18pm
99 Views
Post# 32564765

RE:RE:What Next?

RE:RE:What Next?<p> From their Sep 30 2020 financials we know they have 2 three way collars on as hedges.&nbsp;</p> <p> one for 200 b/d expiring Mar 31. 45.50 / 52.00 / 65.00<br /> one for 600 b/d expiring Dec 31. 40.00 / 50.00 / 62.45<br /> <br /> with recent rise in oil prices, both of these hedges are good right now.<br /> Hard to say if they will leave these on now that prices are up. &nbsp;They could close them out, maybe have done so already. &nbsp;</p> <p> Really bad optics by the company, leaving shareholders in the dark.<br /> <br /> I have only a small position in PPR, having sold at a loss on the way down.<br /> &nbsp;</p>
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