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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 Artbar1on Dec 21, 2022 12:35pm
250 Views
Post# 35184930

RE:RE:RE:Why is the stock being dumped at 0.10

RE:RE:RE:Why is the stock being dumped at 0.10I am also on CEO.CA PPR and there is a bit more discussion going on for anyone interested. 

It was suggested that PPR lost 8.2 million in hedging.  The CEO stated that Prudential - their lenders- insist on hedging 70% of all oil prices.  I would have thought the hedges were fairly high with the three dips and vallieys of earniers over this year. 

Any optimisim out there anyone?
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