Prairie Provident Resources Inc T.PPR

question?

[Chefboy69]

how many Quarters will it take to get rid of the debt here IF oil stays above the $70 mark?

any guesstimate's?

thanks everyone

[Justhalffull]

Still a loy

[Chefboy69]

what?  when i posted, i was hoping to get a coherent response. But thanks anyways LOL

[Justhalffull]

No kidding.    And does you mother still do your laundry.  Do your own research.  Whining about people not spoon feeding you won;t get you anywhere here.

[RHertig]

If you don't want to answer a question just ignor it. 

[filefish]

Answer - they will never be able to pay off the debt at $70WTI. And unless Nat Gas goes to $7 they will tread water forever or until the Banks call their loans and force liquidation.  The only hope of getting out of Debt  is a very favorable Nafta settlement, which as I said before, you shouldnt be holding your breath for. .  

[Stage-2]

This is probably going back to .05 no nafta settlement not good

[sassysarah]

hmmmm. I disagree with everyone thinking Nafta is the only thing going for this stock.  Oil is good. and may even get better. hedges expiring. new production.  tax losses. assets worth more than stock.   Debt manageable with oil up. Nafta is only a bonus. 

[Chefboy69]

100% agree with your assesment. not sure why there are so many negative nancies...maybe they are bag holding and are cranky. Doesn't matter i think PPR at 0.09 is actually under valued in today's oil market and it seems others feel the same way, other wise NO shares would have been bought today good luck all 

[Justhalffull]

I don't believe everyone NAFTA is the only thing going for PPR.  But I also don't think those daydreaming thoughts of $1.00 are in the cards either.  Yes, oil is good, but they have 60% of it hedged, so upside is limited. Tax losses mean nothing if you do not have profits.  They have not had profits for years.  Assets worth more than stock?  Debt of $113 million

[filefish]

Justhalffull, Agree with your comments, except that banks only have so much patience and will not let their creative financing  go on forever. PPR can tread water for a while at the current commodity price levels but as you pointed out, unfavorable hedges have  limiting their upside for the next 6 months. They simply dont have the funds flow to make a meaningfull increase in their

[Stage-2]

I’d like to add to my position on any dips

[longwolf]

Same here.. Also people seem to disregard the reserve value which added to assets overcome liabilities. Recent Increasing cash flow will bring on more production along with high oil prices and steady rise in NG price and deamnd. August interim financial release should bring more recognition from the markets imo.

[Amameal]

Natural gas seems promising, and it can go better in the coming years. $.30 means about a 40 million market cap. It sounds reasonable if the management continues on cost-cutting and running a lean business.

[Stage-2]

Oil will keep going higher IMO