Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 filefishon Nov 11, 2021 5:31pm
316 Views
Post# 34117134

RE:RE:RE:RE:RE:RE:RE:Prairie Provident loses $ 9.9 million in Q3 2021

RE:RE:RE:RE:RE:RE:RE:Prairie Provident loses $ 9.9 million in Q3 2021As of 12/31/2020 PPR  had $857mil in tax pools. At a 20% tax rate to a company generating enough net income the tax savings is more than enough to cover the PPR debt. Thats is why I am thinking more in terms of that kind of bail out than on the NAFTA settlement. Who knows? Even if oil/gas prices remain strong in 2022 and nothing else comes up, we are looking at .25/share being the best upside target as you suggest.   

Justhalffull wrote: I don;t disagree, but we don't have much more than hope for NAFTA.  I lived in Quebec several time, and understand their political bent.
I do, however, think the Quebec decision did cause some financial harm to Lone Pine.  How much, I am not certain.
But the case has certainly been dragged out far to long, why I have no idea.


<< Previous
Bullboard Posts
Next >>