Prairie Provident Resources Inc T.PPR

this will rocket once earnings are released

[Chefboy69]

i think this is an easy double from here

at $50 oil this stock was 0.15 now over 100 it's only 0.28?

Yes hedged reserves BUT new wells have been pulling oil out of the ground and that oil is at market price

[Buyreallow]

Their capital budget presentation said EBITDA of 33.5 to 36 million with WTI at $70, and every $1 increase in WTI means 600,000 in EBITDA.  So average of $100 for Q1 would bean an additional $18 million in EBITDA, and even more for Q2 if prices remain above $115 or higher.  EBITDA could double for first half of 2022. 

[Buyreallow]

And that is not including the acquisitions recently announced.  

[SilverSam]

PPR needs two things to happen in order to significantly reduce the debt so that this thing becomes a multi-bagger from its current share price:  a favourable ruling from the tribunal regarding its disputed assets, and a successful asset sale of their non-core assets currently up for sale.  These two, along with a continued-strong oil price over the next 6-12 months, will end PPR status