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
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.