Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

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

Prairie Provident Resources Inc > Reverse Split.

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Post by rickflairon Nov 02, 2024 12:26pm

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Post# 36293646

Reverse Split.

PCEP has around 80% of the shares and they had bought in at .14 a share.
So I believe with the offering the best they can do is average down at .07.
I believe that they should be at .085 or .09 max.

I also believe the PCEP shares would be affected if there is a reverse split. PCEP would take a huge haircut on a consolidation move but who knows.

What do you guys think.
Have a good day.

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