Prairie Provident Resources Inc T.PPR

New well producing 961 boe/d

[Ikeros]

That is more like it! Current production has increased clearly to 5175boe/d. Very good.

[Justhalffull]

And this oil is unhedged giving us top dollars for it.  Looking for a nice sp bounce today.

[filefish]

Its a flush production rate, but if PPR can maintain 5kboe/d and have some unhedged oil production going into 2022, their chance for survival will have increased some. Some poor hedges on the books now will be rolling off in 2 weeks.

[Justhalffull]

Problem is when the hedges rolloff, the new ones for 2022 are not much better than the ones rolling off.  Bankers stuck it to PPR big time with the forced hedges.

[Amameal]

Yes, to get the debt paid off is the No.1 priority. (Head office rental cost of Berkhalfway is only 270K a year; that is how lean operation that Warren Buffett led Berkshire Hathaway to the top list of Fortune 500.) Frugal is not only a virtue; it is a necessary aspect for a business to gain an edge over competitors. Squandering only leads to poor performance and buries the company in debt. The

[sassysarah]

News release excellent news. Let's get out of this slump we are in. Value considerably higher than 9.5c imo. 

[Amameal]

Exceptionally well-performed drill activity. I have been looking for more production since the beginning of the year. It is clear that the management has done an outstanding job and enhanced shareholder value. We are in good hands, and the management deserves respect and admiration.   PPR is one of the most undervalued oil and gas producers on TSX and TSXV. I would urge managers and board

[filefish]

Until the Board of Directors and new management start buying PPR stock with their own money , we dont yet  have a green light signal.