PROP Prairie Operating Co

$PROP Beyond the significant financial benefit, it seems likely that CITI—based on the increase in PUD (Proved Undeveloped) reserves—might expand the credit facility, which could then be used to redeem the preferred shares. I suspect this was actually pre-arranged with CITI, which explains why the repayment deadline was set for December and why PROP proceeded with drilling on these undeveloped properties. Although the costs were higher due to the pipeline, the strategy paid off; consequently, PROP as a whole now holds a value well above $900 million for potential acquirers. All of this provides shareholders with greater peace of mind and points to significant upside potential for the stock. For instance, if PROP were to be sold for $900 million, shareholders would receive—after accounting for debt—ten times the current share price, which also happens to be Bison’s target price. Great work by the CEO; I am pleased with the new management team—unlike the situation under Kowalik.

$PROP BISON OIL AND GAS seems to be moving some debt around and closing a new debt agreement on Friday, October 30th… are they potential buyers of PROP or even potential buyers of part of prop acreage?? Bison freed up their RBL line which they had used for acquisitions in the past. Prop could easily sell a small part of their acreage to them and fix up balance sheet overnight! Thing are brewing!!!

$PROP I really do not see how they wouldn’t be able to sell this company for between 1.2-1.8 billion. The assets are in prime locations and I would say there is a large market right now given the oil price environment. Been so many acquisitions lately… it’s going to come out of no where one day soon.

$PROP NAV & Dilution Breakdown ($70 / $80 / $90 WTI) ​Built a quick model incorporating the latest balance sheet and Series F dilution mechanics. Even under conservative/risked assumptions (PUDs discounted by 50%), the fully diluted intrinsic value leaves significant room compared to the current $0.49 price

$PROP Incremental Contribution from the Burnett and Castor Pads: The 4 wells at the Burnett Pad alone add approximately 2,888 BOE/d (4 × 722 BOE/d) to the network. Once these wells—along with other projects nearing completion—were fully brought online during the autumn, the company’s total capacity exceeded the 29,000 BOE/d mark. With 21,000 BOE/d hedged, 8,000 barrels per day are being sold in the third and fourth quarters at the full market price of approximately $95 per barrel. Given fixed costs of $40 per barrel over a 180-day period, this results in $64.8 million ($55 margin × 8,000 barrels × 180 days) in additional cash flow—an amount sufficient to redeem the preferred shares.

$PROP shorts are very active now, very good sign. Just bought, my broker asked me if I want to lend out shares to shorts 😂

$PROP When you consider that 1000 shrs of this baby costs 333 dollahs in dollahs lol. I'm in for another 10k. Bwahahahaha.

$PROP WTI is over $100 now. These companies assets are now worth a minimum of $1.8 billion at $80 wti. Who would not be interested in buying them if they were for sale? Close to chevron, SM Energy, Bison and Oxy never mind all the PE firms that would be interested in buying it. Why have we not heard from management? Cause they LEGALLY can’t talk about anything to do with a sale, seen it before, they will just stay quiet. Of course they are not going to talk to anyone! Why did they hire a CFO that used to work in asset sales for over 20yrs….?? Just to sit on their hands? I don’t think so! You think they are going to go bankrupt or sell??? Hmm 🤔 the whole management team just paid themselves in a crap load of shares…. I don’t think they would do that if they were going to dilution or bankruptcy….

$PROP Series F deal restructuring along with positive production results and the shorts are squeezed like a teenagers pimple POPRocket

$PROP I’m in. Oil is booming and this company and now producing. Pretty big news. Wish I caught it sooner

$PROP Has anyone since Kovalik even known how to properly run and manage this company? You need a license to drive a car, and you can get it suspended so why should this be any different? They need to get delisted ASAP, and the executives and their cronies should be permanently banned from the market

$PROP One good point… the longer they wait the higher the value of their companies reserves goes 😃 WTI Futures curve keeps increasing!

$PROP “The fun part is eventually somebody has to be right.” Uh, what? “Eventually”?!?! That ship sailed long ago. The bears were 100% right.

$PROP god damn it. Sold at .35, literally the low. And 10 days from being able to harvest the losses

$PROP unveils strong initial production results from its Burnett Pad, averaging 722 Boe/d and adding 30 PUD locations.

$PROP rotation definitely happening, if you have the stomach, hold and add on big drops, Iran second round (unfortunately) happening soon, oil going to spike and the acreage of land Prairie has, going to pay off for sure in production or leading to big players that need to pump.

$PROP The only thing holding this back from a deal, causing this agony, are: 1. Nasty covenants imposed by financing by the Bank Group. 2. The fact that nobody will bite on a co perceived near bk. They would rather wait it out to see if it makes it, and then pay up. They don't think like you do. This means that IF/WHEN this gets the all clear, the market will know it, and it will move pretty swiftly to 5 and then 10 or higher. Still not selling. Buying and cost now at $1.20.

$PROP Ira, Just for your information. New low of the new low was printed again! Lol $0.345 Keep buying. They will send you a PROP shirt!

$PROP price to book value factors in debt in bought more today and will do so again tomorrow- Cowards are manipulating the stock wimpyblittle cowards

$PROP Let's be real. Executives don't care if this company lives or dies. Their #1 goal is keeping the lights on just long enough to cash in their executive bonuses and golden parachutes before it all burns down.