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Bullboard - Stock Discussion Forum Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

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... see more

TSX:PPR - Post Discussion

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Post by baranja on Sep 15, 2021 10:20am

PPR

In distress?  this one is priced for backurpupcy?  I understand thay have bad hedges,.. but still,  insane valuations.
 
Comment by baranja on Sep 15, 2021 10:24am
Could this one turn around as JOY? Debt is bit too high here.
Comment by Justhalffull on Sep 15, 2021 11:11am
I think the share cancellation in relation to GoldmanSachs may have bought them some time.  No doubt that the debt remains very high and the hedges limit their ability to pay much down.  While I don't think this will ever be a $1.00 stock with the name Prairie Provident, I am betting the new CEO Berthelet can keep it going forward to some degree.  My sell target is .25.  ...more  
Comment by baranja on Sep 15, 2021 11:23am
This?  Looks like QC and CAN killed some licenses. Man I would live to see Can pay some fhat anti oil and gas climate fraud.  Definatlly, a crime on behalf of Can and QC. The claimant alleges that the revocation of the river licence violates Canada’s obligations under articles 1105 (Minimum Standard of Treatment) and 1110 (Expropriation). More specifically, it alleges that the passing ...more  
Comment by Justhalffull on Sep 15, 2021 11:31am
Well I think that they should be compensated to some extent.  But both Canada and Quebec argue they owe nothing.  I don't think they would ever get the $118 million they claim, I'm hoping they will be compensated for some of the spending directly related to the river properties.  $50 would be nice, but any amount would serve to reduce the $113 million debt somewhat.
Comment by Justhalffull on Sep 15, 2021 11:35am
$50 as in millions
Comment by baranja on Sep 15, 2021 3:39pm
That would be something.. for sure.