@LostInSk And their decision not to pay contractors and farmers has dramatically harmed the local economy.
They deliberately avoided addressing the issues the province repeatedly raised, and now they are in trouble. It makes sense and certainly is not unfair.
@FriesNiklas Hey @calgarybizcoach did they do the courtesy of telling you before or even after you put your interview out into the public space? Or did we just forget to do our due diligence?
@newsfile_corp So @WhiteTundraSG why were you out promoting the stock after receiving this notice? And why did you sit on material information you were obligated to make public within 24 to 48 hours of receiving it? $pei.v #Prospera_energy
@FundalyzeCA As someone who is engaged in the promotion of this company and a trusted provider of information, what is the cost magnitude of the expected items to be addressed? How many m3 of dirt will they be moving? And how much is still owing to landowners?
@gr8expect8ions@GravyBarrels@Prospera_Energy@WhiteTundraSG@ChrisLudtke Also should be noted that your post confirms he was aware and failed in his duty to disclose during a capital raise. Which is a major problem when you are publicly traded. Probably will get halted before it goes to zero...
$PEI.V
Obscuring Production. Implying Results. Our latest Key Wells Report provides an updated look at select well performance (but don't look too closely you will see it is not working), no corporate production, and inaccurate results of our ongoing reactivation program.
@mrdoughski They need to make money or grow corporate production first. They did not address the root cause of the production problem, the production bump will not last, and this is why their corporate production continues to lag. All that money spent and the company is in a worse place
@JJfromMTL It won't change or impact the investment potential here. Corporate production is still falling. These are single wells. The work being done is standard maintenance work for wells, nothing special was done here. If you participate in the raise based on this you will lose $$$
$PEI.V @WhiteTundraSG@Prospera_Energy
Continues to produce posts that do not address the underlying corporate issue, small scale successes do not overcome their corporate decline levels. Which is why they remain unpublished. The rising differential leaves them unable to profit
https://t.co/3tlYSOkdHS
lol @pei.v still out there trying to pretend that they can make money and grow corporate production. A single well going up does not help when the whole company goes down. And blocking criticism rather than addressing it shows how truly true it is.
@WhiteTundraSG If only this was impacting the products your corporation produces. I notice your posts lack discussion on the commodities that impact your own revenues.
@Prospera_Energy And then watch as our corporate production continues to fall and the G&A and financing costs destroy corporate netbacks. It takes a special company to lose money with this kid of ease.
@InvestorLensCA And yet this company has one of the highest breakeven numbers in the industry, their G&A is out of control, pay way too much in debt. And corporate production is falling while they do these reactivations. Single well results do not replace corporate results.
@FundalyzeCA And deeper dive and close analysis of the numbers will realize a much scarier fact. Their breakeven lifting cost is at about $70 WTI (includes their hedge). And if you look at historical numbers their corporate top line breakeven is closer to $93 WTI. Take heed.
@Prospera_Energy@GravyBarrels exactly what I was about to say. They have removed their table that would let you know how the company is doing, and also very noticeably absent from their Investor presentation. Neither is really valid at all without that info. Looking at public data I can see why