Petrus Resources Ltd T.PRQ

Alternate Symbol(s): PTRUF

Petrus Resources Ltd. is a Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. The Company has an inventory of low-risk oil and natural gas development assets in its Ferrier, North Ferrier and Thorsby operating areas. Its core area, Ferrier, is a resource play. The Ferrier is a liquid rich Cardium gas play. North Ferrier is an extension of its core Ferrier area. Its Thorsby asset is located in the central part of the province. Its properties, located in the foothills of Alberta, are a more minor area for the Company. The Company is also evaluating Kakwa, an early-stage Dunvegan oil play, for potential further long term development.

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Petrus Resources Ltd > what's going on

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Comment by topdopon Mar 23, 2022 12:25pm

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Post# 34538098

RE:RE:what's going on

Technical chart: look at the massive parabola going back 5 years and the resistance set late 2017 at ~$1.75

We are breaking out through that and I suspect the next challenge will be ~$2.70

By that stage, the fundamentals in the story itself (plus season's first drilling) will validate the return to more normal valuations ie: higher not lower.

This little company had massive headwinds. Now they have significant tailwinds and a bright future.

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Rig Count Soars as Utilization Surpasses Industry Averages