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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Comment by SilverSamon Nov 03, 2024 1:20am

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Post# 36294069

RE:Reverse Split.

A reverse split does not affect the value of the shares, only the quantity. If someone has 10,000 shares with a value of $1,000.00, and a reverse split brings the share count down to 1,000 shares, those shares still have a value of $1,000.00. Each share is simply worth more after the split.

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