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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 Jul 26, 2021 4:05pm
101 Views
Post# 33605591

RE:RE:RE:RE:question?

RE:RE:RE:RE:question?I don't believe everyone NAFTA is the only thing going for PPR.  But I also don't think those daydreaming thoughts of $1.00 are in the cards either.  Yes, oil is good, but they have 60% of it hedged, so upside is limited.
Tax losses mean nothing if you do not have profits.  They have not had profits for years.  Assets worth more than stock?  Debt of $113 million worth more than stock.  Debt manageable with oil up?  Only if gas price continues to stay above $4.00.  That might make it break even, but does not reduce it by much.  Every year it goes up due to inability to pay the interest on it.  I personally am still long, but if it hit's $.30, I'm all out.
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