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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 Aug 19, 2021 3:41am
151 Views
Post# 33728814

RE:RE:RE:Price target

RE:RE:RE:Price targetActually the interest rate is not high.  Avg rate for the 3 and 6 month periods ending 6/30/2021 was 5.3% and 5.2%.  Mimi did a good job in renegotiating the debt in conjunction with the share cancellation such that some of the debt had 0 interest rising to 4% by March 2022.  After that though, rates start to rise, so would be great to get a NAFTA award to reduce the outstanding.
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