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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

Prairie Provident Resources Inc > Management changes
View:
Post by Justhalffull on Sep 18, 2021 3:04am

Management changes

Allison Massey has updated her Linkdin profile.  Showing VP Land and Commercial Prairie Provident Sept 2021
Comment by filefish on Sep 19, 2021 8:06am
These new hirings probably negate the idea that the Company will be sold. Next move will be the issuance of tons of dilutive stock options at low prices. Just hope that they are competant and will disrupt the status quo. Financing / credit looks ok until next redetermination date in April 2022 so they have some time.
Comment by Amameal on Sep 19, 2021 11:40am
We will see how they handle the options issue. It is something that matters.   Just compared the realized prices of natural gas among peers.  For the first quarter of 2021: ($/Mcf) PPR: 3.48 Peyto: 3.06 CNQ: 3.42   For the second quarter of 2021:  PPR: 2.81 Peyto: 2.06 CNQ: 3.17   For the last six months' Average Realized Prices of natural gas ...more  
Comment by Justhalffull on Sep 19, 2021 3:40pm
Nice that they are getting good prices, but because so much is hedged, most of this gain is lost through derivative losses.