Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > How you feel holding PPR when Oil reach $115?
View:
Post by Amameal on Mar 04, 2022 6:05pm

How you feel holding PPR when Oil reach $115?

Good luck to all long!
Comment by energee on Mar 04, 2022 8:39pm
The debt has always been an issue but it sure seems like they (congrats Mimi) have termed it out such that nobody is beating on them except for the required hedges. New management team seems like they are signaling that they are running a real Co. now. New Director announced today so maybe they have a master plan to grow and get it in gear. I do see that Pine Cliff (who recently bought Apogee ...more  
Comment by Buyreallow on Mar 05, 2022 7:45am
And now Mimi is leaving on March 31.  Looking for a new CFO Results should be out next week for Q4 and FY, and we should hear about the drill and waterflood efforts from Q1.
Comment by filefish on Mar 05, 2022 9:59am
The new well  and waterflood results are very important. So is hiring a new CFO who will be capable of restructuring their debt. ESG, not so important for PPR at this time , in my opinion.  Wild cards are NAFTA settlement and non core property sale.
Comment by maramos98 on Mar 06, 2022 7:46am
2022 guidance is based on $70 WTI. Extra cash flow from WTI > $100 should allow PPR to drill a few extra wells in 2022. In PPR's current situation, paying back debt is not a priority. They need to increase production in order to take advantage of high energy prices.
Comment by maramos98 on Mar 06, 2022 7:49am
"Michichi operational update The company completed the drilling and completion operations of the two gross (2.0 net) new Michichi area Banff formation wells ahead of schedule. The wells are currently being tied in and are expected to be brought on production in early March. The wells were targeted in the lower Banff to maximize recovery. The program also saw the first 1.5-mile horizontal well ...more  
Comment by Buyreallow on Mar 06, 2022 8:34am
$110 oil will provide them abut $60 million of anual EBITDA.  Even more in cash flow.   Next weeks earnings report should provide some clarity as to their situation
Comment by Heyohletsgo99 on Mar 06, 2022 4:43pm
I think earnings are set for March 29 as per their website.     
Comment by Buyreallow on Mar 07, 2022 11:45am
Yes.  Seems a bit late, but with Mimi leaving Mar 31, maybe had something to do with it.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities