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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Energy Oil & Gas E&P
Prairie Provident Resources Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated natural gas. The Company is primarily focused on development of its Wheatland and Princess properties in Southern Alberta and its Evi area located in the Peace River Arch area of Northern Alberta. Its Princess area in Southern Alberta is engaged in the development of the Glauc and Ellerslie formations. The Company's assets cover approximately 375,000 acres of area in Alberta. Its wholly owned 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

Prairie Provident Resources Inc > Rights Offering
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Comment by filefishon Oct 08, 2024 3:59pm
49 Views
Post# 36258347

RE:RE:Rights Offering

RE:RE:Rights OfferingThe Rights have been trading since 9/30, one full week So far only 710k shares have been traded and the range has been between .005 and .01. Even the rights are trading at a discount to fair value based on the underlying stock price. I notticed that a trading HOLD was on PPR.RT for a short time this morning. I am guessing that there may have been a huge sell order creating an market imbalance.
Currently the Rights are valued at .0036 US$ in my account.
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