RE:RE:Debt/Production can be betteryuppi, you are correct. Aside from 1 year of bad pricing due to Covid, its been several years of poor execution by management and poor oversight by the B.O.D. that has lead to the siutation we are in now. Thats why I feel that the current slate should all be forced to resign. If not for Goldmans support up until they gave up their investment , PPR would be in liquidation by now. The Marquee assets + Princess if properly developed could be enough to run a profitable business on. But horrible hedging is holding them back from taking full advantage of the $72WTI. What a shame we have to wait on the Nafta decision to see if there is hope we can salvage our investment.
Yuppii wrote: Won't happen without significant capital spending the assests have been too neglacted past 2 years. Thats why production increase has been so marginal since price rebound. The Evi property is on a steady decline even with the waterflood, there is next to no upside there without new wells, large portion of capital has to been spent on liabilities/decomissioning as that has been skipped past two years, poor execution by management on the SRP program yielded minimal success thats why its never mentioned. If you take a deeper dive into the company you will see why its stock price has been .7c @ $73.00 WTI