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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 Buyreallowon Mar 24, 2022 10:18am
167 Views
Post# 34541114

RE:this will rocket once earnings are released

RE:this will rocket once earnings are releasedTheir capital budget presentation said EBITDA of 33.5 to 36 million with WTI at $70, and every $1 increase in WTI means 600,000 in EBITDA.  So average of $100 for Q1 would bean an additional $18 million in EBITDA, and even more for Q2 if prices remain above $115 or higher.  EBITDA could double for first half of 2022. 
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