Prairie Provident Resources Inc T.PPR

Financials - beyond expectation!!!

[sassysarah]

Great! Better than I expected! New CEO deserves a lot of credit.

Looking forward to Q1 results and the NAFTA decision.

"Despite the depressed commodity price environment through most of 2020, PPR generated positive AFF of $12.3 million for 2020 ($0.07 per basic and diluted share)"

[Lotten]

Agree. The future looks brighter than the past. We should absolutely move a bit north today.

[Ikeros]

I believe they can get the dept down this year even without the Nafta desicion. One major problem has been the very high Interest rates and now those are down clearly due to the new agreements with lenders.

[RHertig]

Looks like a better year for sure. Have to read the hedges part again when I am awake enough for my brain to work. With our debt I expected most of production to be hedged. So 75% is in line.

[sassysarah]

keep me posted on your analysis of the hedges.  - I do agree NAFTA is not defining PPR's future (with current oil prices).

[RHertig]

Sassy the hedges don't look to bad. If the oil markets take a dive when opec ends the production cuts our survival should no be in question. Still have 25% of production to capture upside if oil keeps climbing. I also think they can get some more Princess wells on line if the price is right. This should be a decent year with debt coming down. We can definitely rise with other companies without

[sassysarah]

So great! thank you! sounds like we are positioned well no matter what. I know... I am torn I want the price to dip to pick up more.... but then I never want the proce to dip. lol..

[Ikeros]

They got a +16million gain from modification of financial liabilities. They were able to do very good deal in a challenging situation. It seems that lenders see big potential in the company.