Bullboard - Stock Discussion Forum Prairie Provident Resources Inc T.PPR

Alternate Symbol(s): PRPRF

Energy Oil & Gas E&P

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

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Prairie Provident Resources Inc > Outstanding I say

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Post by Buyreallow on Mar 30, 2022 6:21am

Outstanding I say

Earnings of nearly $8 million for Q 4 without the 400 boe well that only came on le in December. 2 additional wells being cleaned up and will be producing shortly I'll give us another few hundred bbls. This points to possible 2023 earnings of close to $35 million or nearly 30 cents per share. What other oil company do you know of that trades at 1 times earnings. And they will generate fcf sufficient to fund 2023 drilling program. Now if they can just get enough for the non core sale to knock off some of the debt to Cut expenses, we might just make it. A $50 million NAFTA. settlement would be nice. As usual, the bad hedges ruined a really great year, and will be a drag for 2023 as well unfortunately. We need to hit some really good wells this year.

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