Bullboard - Investor Discussion Forum Prospera Energy Inc. V.PEI

Alternate Symbol(s): GXRFF

Energy Oil & Gas E&P

Prospera Energy Inc. is an energy company based in Western Canada, specializing in the exploration, development, and production of crude oil and natural gas. The Company is primarily focused on optimizing hydrocarbon recovery from legacy fields through environmentally safe and efficient reservoir development methods and production practices. It has 100% ownership of the Luseland asset, which... see more

TSXV:PEI - Post Discussion

Prospera Energy Inc. > Weak

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Post by traderguy5000 on Apr 15, 2024 12:42pm

Weak

1.5M just sold at 7.5. Bid now 7. Bought a few more. I like the story, but not the price action. PEI is selling at 25% of NPV. 5000 bpd by year end, and profitable. What's not to like? Yet the stock is a dog. What does this big seller know that we don't?

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Comment by Jandy2102 on Apr 15, 2024 9:34pm

Probably just found out for himself that Prospera owes everyone and their dog money.

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Comment by SuperTrader1970 on Apr 16, 2024 8:52pm

Prospera Energy is now raising $15 million for new oil drill programs. Up to $40 million total in expenditures for this year. Not good for shareholders value.

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Comment by Bigshortie on Apr 17, 2024 12:10am

That's a good thing. On average each well brings on 60-100 barrels a day, and lowers overall operating cost. Spend money to make money. Just hope it's mostly non-dillutive. If we're truly spending free cashflow on growing the company we're laughing.

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Comment by Thebeginner2020 on Apr 17, 2024 10:39am

Wake up and get out of your bubble. Of course, there will be further dilution. Prospera doesn't meet its goals and who pays the price?!?! Small shareholders! cvkingstorm and cryntowel are cheerleader investors who don't give a sh!t about losing money, so don't listen to them because they're blindfolded!!

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