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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 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 filefishon Nov 03, 2024 11:25am
48 Views
Post# 36294252

RE:RE:RE:Reverse Split.

RE:RE:RE:Reverse Split.PPR is essentially a "private company" in the hands of PCEP (80+% ownership). It will be their choice whether or not the Company does a share consolidation. If they reverse split, I am pretty sure that PCEP would defend the price from short sellers with additional purchases. In the longer term, I believe PCEP takes them completely private or PPR goes bust.
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