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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.


TSX:PRQ - Post by User

Comment by Seppelton Feb 07, 2023 8:01am
136 Views
Post# 35271239

RE:RE:PETRUS SHORT?

RE:RE:PETRUS SHORT?

It is frustrating to see significant increase in production, when new wells are at their highs, coinciding with a collapse of national gas prices. Yes, most of the revenue is coming from oil and NGLs but gas is also important. 

My feeling is that this stock, and natural gas prices, are close to the bottom.
The weather is unpredictable but Freeport is on the way to full recovery, it's just a matter of weeks or slightly more than a month maximum. People say that 2 bcf/d is not significant but if it wasn't for a fire in early June, this facility would consume more than 500 bcf, a difference between closely watched U.S. storage levels staying below 5-years average, vs current above average.

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