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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

Post by filefishon Feb 23, 2022 12:41pm
228 Views
Post# 34454313

2022 Capital budget and Guidance

2022 Capital budget and Guidance https://stockhouse.com/news/press-releases/2022/02/22/prairie-provident-announces-2022-capital-budget-guidance

No wonder the stock is going no where.
Take aways:
No reduction in LT debt in forecast.
Little increase in production unless they are factoring in the non core production sale.
CFO leaving  - never good news
Hopefully they are being very conservative in their numbers , but on balance 2022 looks like a year of treading water.  
Anyone have an idea what they might be able to get on the Non Core sale, which includes 1k boe/d?



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