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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 SilverSamon Nov 01, 2024 12:16am
59 Views
Post# 36291803

RE:Expect a reverse split

RE:Expect a reverse splitI would tend to believe - and I hope I am right - that management will wait for what we all hope will be positive drill results before announcing a reverse split.  This would be for the purpose of building some momentum in the share price before reducing the count.  Positive momemtum, in turn, would deter short sellers from jumping in and trying to take advantage of the reverse split, which normally leads to a selloff.
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