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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 oil and natural gas exploration company. The Company is engaged in the exploration and development of oil and natural gas, with conventional operations primarily focused on the Western Canadian Sedimentary Basin in Alberta. Its operating areas include Michichi, Princess and Evi. Its assets primarily consist of light and medium oil associated... see more

TSX:PPR - Post Discussion

Prairie Provident Resources Inc > No sale - non core assets
View:
Post by filefish on Jun 13, 2022 6:25am

No sale - non core assets

https://stockhouse.com/news/press-releases/2022/06/12/prairie-provident-updates-2022-capital-budget-and-non-core-disposition-process

They tried to sugar coat this the best they could, but if energy properties cant sell at an acceptable price in this market environment, then ...................
Looks like their budgeted captial will be moving from fresh new well drills to recompletions yielding 15-20 boe/d wells.
Comment by SilverSam on Jun 16, 2022 1:09pm
Keep in mind these are non-core assets.  If they are still producing income for the company, then at oil anywhere over $100 will still help reduce debt.  Any new hedges the company is required to lock in should also be highly profitable the longer $100+ oil hangs around.  And there is still the tribunal judgement we are all anticipating....
Prairie Provident Resources Inc