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Prairie Provident Resources

TSX:PPR
Snowflake Description

Overvalued with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PPR
TSX
CA$3M
Market Cap
  1. Home
  2. CA
  3. Energy
Company description

Prairie Provident Resources Inc. explores for and develops oil and natural gas properties primarily in Alberta. The last earnings update was 136 days ago. More info.


Add to Portfolio Compare Print
  • Prairie Provident Resources has significant price volatility in the past 3 months.
PPR Share Price and Events
7 Day Returns
-33.3%
TSX:PPR
7%
CA Oil and Gas
7.1%
CA Market
1 Year Returns
-94.1%
TSX:PPR
-46%
CA Oil and Gas
-25.3%
CA Market
PPR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prairie Provident Resources (PPR) -33.3% -66.7% -80% -94.1% -98.5% -
CA Oil and Gas 7% -40.8% -46.8% -46% -53.7% -57.4%
CA Market 7.1% -24.1% -26.7% -25.3% -23.4% -17.5%
1 Year Return vs Industry and Market
  • PPR underperformed the Oil and Gas industry which returned -46% over the past year.
  • PPR underperformed the Market in Canada which returned -25.3% over the past year.
Price Volatility
PPR
Industry
5yr Volatility vs Market

Value

 Is Prairie Provident Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Prairie Provident Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$0.01.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prairie Provident Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prairie Provident Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:PPR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$-0.15
TSX:PPR Share Price ** TSX (2020-03-27) in CAD CA$0.01
Canada Oil and Gas Industry PE Ratio Median Figure of 55 Publicly-Listed Oil and Gas Companies 6.03x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prairie Provident Resources.

TSX:PPR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:PPR Share Price ÷ EPS (both in CAD)

= 0.01 ÷ -0.15

-0.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prairie Provident Resources is loss making, we can't compare its value to the CA Oil and Gas industry average.
  • Prairie Provident Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Prairie Provident Resources's expected growth come at a high price?
Raw Data
TSX:PPR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Oil and Gas Industry PEG Ratio Median Figure of 29 Publicly-Listed Oil and Gas Companies -0.04x
Canada Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 0.69x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prairie Provident Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prairie Provident Resources's assets?
Raw Data
TSX:PPR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$0.15
TSX:PPR Share Price * TSX (2020-03-27) in CAD CA$0.01
Canada Oil and Gas Industry PB Ratio Median Figure of 198 Publicly-Listed Oil and Gas Companies 0.39x
Canada Market PB Ratio Median Figure of 2,351 Publicly-Listed Companies 1x
TSX:PPR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:PPR Share Price ÷ Book Value per Share (both in CAD)

= 0.01 ÷ 0.15

0.07x

* Primary Listing of Prairie Provident Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prairie Provident Resources is good value based on assets compared to the CA Oil and Gas industry average.
X
Value checks
We assess Prairie Provident Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Prairie Provident Resources has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Prairie Provident Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prairie Provident Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.7%
Expected Oil and Gas industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prairie Provident Resources expected to grow at an attractive rate?
  • Unable to compare Prairie Provident Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prairie Provident Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Prairie Provident Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:PPR Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average -3.7%
Canada Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.1%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:PPR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:PPR Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 -1
2020-12-31 13
2020-03-28
2019-12-31 21
TSX:PPR Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 79 1 -24
2019-06-30 80 4 -24
2019-03-31 76 6 -42
2018-12-31 72 17 -33
2018-09-30 78 20 -74
2018-06-30 71 19 -83
2018-03-31 69 18 -67
2017-12-31 69 17 -48
2017-09-30 65 15 -12
2017-06-30 58 11 -12
2017-03-31 47 9 -56
2016-12-31 38 8 -60

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prairie Provident Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Prairie Provident Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:PPR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prairie Provident Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PPR Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-28
2019-12-31
TSX:PPR Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 -0.15
2019-06-30 -0.14
2019-03-31 -0.25
2018-12-31 -0.27
2018-09-30 -0.63
2018-06-30 -0.72
2018-03-31 -0.58
2017-12-31 -0.42
2017-09-30 -0.11
2017-06-30 -0.12
2017-03-31 -0.56
2016-12-31 -0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Prairie Provident Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of PPR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Prairie Provident Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Energy companies here
  3. Prairie Provident Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Prairie Provident Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prairie Provident Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Prairie Provident Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prairie Provident Resources's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prairie Provident Resources does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Prairie Provident Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Prairie Provident Resources's 1-year growth to the CA Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Prairie Provident Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prairie Provident Resources Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:PPR Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 78.74 -23.88 8.76
2019-06-30 79.92 -24.18 8.98
2019-03-31 76.11 -42.48 8.94
2018-12-31 71.76 -32.97 9.16
2018-09-30 78.46 -73.58 9.71
2018-06-30 70.90 -82.94 9.93
2018-03-31 69.21 -66.81 10.29
2017-12-31 68.64 -47.80 10.22
2017-09-30 65.09 -12.44 9.95
2017-06-30 57.93 -12.04 10.50
2017-03-31 47.48 -56.33 10.39
2016-12-31 37.86 -60.40 10.83
2016-09-30 31.10 -67.00 10.35
2016-06-30 31.43 -68.40 10.59
2016-03-31 34.48 -35.11 11.51
2015-12-31 37.15 -59.89 12.43
2014-12-31 98.01 -73.40 11.56

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Prairie Provident Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Prairie Provident Resources has efficiently used its assets last year compared to the CA Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Prairie Provident Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Prairie Provident Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prairie Provident Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Prairie Provident Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prairie Provident Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prairie Provident Resources's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Prairie Provident Resources's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prairie Provident Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prairie Provident Resources Company Filings, last reported 5 months ago.

TSX:PPR Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 26.14 114.81 1.15
2019-06-30 28.30 112.90 1.40
2019-03-31 24.93 110.52 1.05
2018-12-31 47.05 101.14 1.87
2018-09-30 33.43 63.40 1.04
2018-06-30 35.80 68.42 1.65
2018-03-31 50.63 60.94 2.80
2017-12-31 63.34 55.76 3.56
2017-09-30 105.95 50.27 0.91
2017-06-30 117.72 50.43
2017-03-31 116.16 46.59
2016-12-31 102.59 15.05 7.93
2016-09-30 107.14 2.13
2016-06-30 -113.94 163.90 1.60
2016-03-31 -70.77 159.52 4.18
2015-12-31 -74.06 166.17 13.02
2014-12-31 -15.43 126.63 15.26
  • Prairie Provident Resources's level of debt (439.2%) compared to net worth is high (greater than 40%).
  • Unable to establish if Prairie Provident Resources's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Prairie Provident Resources has less than a year of cash runway based on current free cash flow.
  • Prairie Provident Resources has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.2% each year.
X
Financial health checks
We assess Prairie Provident Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prairie Provident Resources has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Prairie Provident Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Prairie Provident Resources dividends.
If you bought CA$2,000 of Prairie Provident Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Prairie Provident Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prairie Provident Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:PPR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 8.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:PPR Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-03-28
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Prairie Provident Resources has not reported any payouts.
  • Unable to verify if Prairie Provident Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prairie Provident Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prairie Provident Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Prairie Provident Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prairie Provident Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prairie Provident Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Prairie Provident Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Granger
COMPENSATION CA$725,153
AGE 61
TENURE AS CEO 6.9 years
CEO Bio

Mr. Timothy S. Granger, also known as, Tim, P. Eng., and B.Sc. has been the Chief Executive Officer and President at Prairie Provident Resources Inc., since April 2013. Mr. Granger has over 30 years of experience in North American oil and gas exploration and production operations and asset management. He served as the Chief Executive Officer and President of Lone Pine Resources Inc. since April 22, 2013 until September 2016. He served as Business Development Director of On-Communications Ltd. He served as the Chief Executive Officer and Managing Director of Molopo Energy Limited from January 3, 2012 to January 2013. He served as the Chief Executive Officer and President of Compton Petroleum Finance Corporation. Mr. Granger served as the Chief Operating Officer at PrimeWest Energy Inc., a subsidiary of Primewest Energy Trust since January 2003. He served as Vice President of Asset Optimization at Perpetual Energy Inc. from October 2008 to January 12, 2009. He joined PrimeWest in June 1999 and was overall responsible for the day-to-day business and operations of PrimeWest. He served as the Chief Executive Officer and President of Compton Petroleum Corp. from January 26, 2009 to December 2, 2011. He served as Vice President of Asset Optimization at Paramount Energy Trust. He served as the Chief Operating Officer of Paramount Energy Operating Corp., an Administrator of Paramount Energy Trust and Perpetual Energy Inc. from October 2008 to January 13, 2009. He served as the Managing Director of Canada Ltd of North at Abu Dhabi National Energy Company PJSC until September 30, 2008. Mr. Granger served as Vice President of Production at PrimeWest Energy Trust from June 1999 to December 2003. From 1996 to 1999, he served various managerial positions at Pogo Canada Ltd., Pd. and Petro-Canada, including production engineering and upstream and corporate information technology. Prior to 1996, he served in various management positions at Amerada Hess. From 1980 to 1991, he served in various engineering positions at Dynex Petroleum, Canterra Energy and Dome Petroleum. He has been a Director at Prairie Provident Resources Inc. since April 2013. He served as Director of Molopo Energy Limited; Lone Pine Resources Inc. since April 22, 2013 until September 2016; Compton Petroleum Corp. from January 26, 2009 to December 2, 2011; COSTA Energy Inc. until May 10, 2007; Kelso Energy Inc. since February 10, 2004 and Costa Resources Ltd. Mr. Granger graduated from Carleton University with a B.Sc. in Mechanical Engineering.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tim's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Prairie Provident Resources management team in years:

3.5
Average Tenure
  • The tenure for the Prairie Provident Resources management team is about average.
Management Team

Tim Granger

TITLE
President
COMPENSATION
CA$725K
AGE
61
TENURE
6.9 yrs

Mimi Lai

TITLE
VP of Finance & CFO
COMPENSATION
CA$495K
TENURE
3.5 yrs

Brad Likuski

TITLE
Vice President of Operations
COMPENSATION
CA$388K
TENURE
1.4 yrs

Tony Van Winkoop

TITLE
Vice President of Exploration
COMPENSATION
CA$477K
TENURE
3.5 yrs
Board of Directors Tenure

Average tenure and age of the Prairie Provident Resources board of directors in years:

6.2
Average Tenure
60
Average Age
  • The tenure for the Prairie Provident Resources board of directors is about average.
Board of Directors

Pat McDonald

TITLE
Chairman of the Board
COMPENSATION
CA$70K
AGE
62
TENURE
3.5 yrs

Tim Granger

TITLE
President
COMPENSATION
CA$725K
AGE
61
TENURE
6.9 yrs

Tad Flynn

TITLE
Independent Director
COMPENSATION
CA$80K
AGE
58
TENURE
6.2 yrs

Ajay Sabherwal

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
53
TENURE
6.2 yrs

Rob Wonnacott

TITLE
Independent Director
COMPENSATION
CA$81K
AGE
59
TENURE
8.5 yrs

Derek Petrie

TITLE
Independent Director
COMPENSATION
CA$79K
TENURE
3.5 yrs

Will Roach

TITLE
Independent Director
COMPENSATION
CA$7K
AGE
62
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Nov 19 Buy Derek Petrie Individual 22. Nov 19 22. Nov 19 138,800 CA$0.05 CA$7,356
20. Nov 19 Buy William Roach Individual 19. Nov 19 19. Nov 19 80,000 CA$0.04 CA$3,200
11. Oct 19 Buy Derek Petrie Individual 10. Oct 19 10. Oct 19 88,000 CA$0.06 CA$4,840
02. Sep 19 Buy Derek Petrie Individual 29. Aug 19 29. Aug 19 67,328 CA$0.07 CA$4,713
21. May 19 Buy Derek Petrie Individual 16. May 19 16. May 19 87,039 CA$0.14 CA$12,066
X
Management checks
We assess Prairie Provident Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prairie Provident Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Many Prairie Provident Resources Inc. (TSE:PPR) Shares Do Institutions Own?

Prairie Provident Resources is a smaller company with a market capitalization of CA$14m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Prairie Provident Resources TSX:PPR Ownership Summary, August 20th 2019 What Does The Institutional Ownership Tell Us About Prairie Provident Resources? … As you can see, institutional investors own 30% of Prairie Provident Resources.

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The Prairie Provident Resources (TSE:PPR) Share Price Is Down 82% So Some Shareholders Are Rather Upset

Check out our latest analysis for Prairie Provident Resources Because Prairie Provident Resources is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last year Prairie Provident Resources saw its revenue grow by 10.0%. … A Different Perspective While Prairie Provident Resources shareholders are down 82% for the year, the market itself is up 0.6%.

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Does The Prairie Provident Resources Inc. (TSE:PPR) Share Price Fall With The Market?

See our latest analysis for Prairie Provident Resources What we can learn from PPR's beta value Given that it has a beta of 1.87, we can surmise that the Prairie Provident Resources share price has been fairly sensitive to market volatility (over the last 5 years). … If this beta value holds true in the future, Prairie Provident Resources shares are likely to rise more than the market when the market is going up, but fall faster when the market is going down. … What this means for you: Beta only tells us that the Prairie Provident Resources share price is sensitive to broader market movements.

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What Kind Of Shareholder Appears On The Prairie Provident Resources Inc.'s (TSE:PPR) Shareholder Register?

The big shareholder groups in Prairie Provident Resources Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … With a market capitalization of CA$33m, Prairie Provident Resources is a small cap stock, so it might not be well known by many institutional investors.

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Some Prairie Provident Resources (TSE:PPR) Shareholders Are Down 46%

For example, the Prairie Provident Resources Inc. … Because Prairie Provident Resources is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … In the last twelve months, Prairie Provident Resources increased its revenue by 21%.

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Do Institutions Own Shares In Prairie Provident Resources Inc. (TSE:PPR)?

Every investor in Prairie Provident Resources Inc. … We also tend to see lower insider ownership in companies that were previously publicly owned. … With a market capitalization of CA$38m, Prairie Provident Resources is a small cap stock, so it might not be well known by many institutional investors.

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Should You Worry About Prairie Provident Resources Inc's (TSE:PPR) CEO Pay?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

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Who Are The Largest Shareholders In Prairie Provident Resources Inc (TSE:PPR)?

I am going to take a deep dive into Prairie Provident Resources Inc’s (TSE:PPR) most recent ownership structure, not a frequent subject of discussion among individual investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine PPR's ownership structure in more detail.

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Who Owns Most Of Prairie Provident Resources Inc (TSE:PPR)?

In this article, I'm going to take a look at Prairie Provident Resources Inc’s (TSX:PPR) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Insiders form another group of important ownership types as they manage the company's operations and decide the best use of capital. … Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Does Prairie Provident Resources Inc's (TSE:PPR) Earnings Growth Make It An Outperformer?

Assessing Prairie Provident Resources Inc's (TSX:PPR) past track record of performance is a valuable exercise for investors. … View our latest analysis for Prairie Provident Resources Did PPR's recent earnings growth beat the long-term trend and the industry? … TSX:PPR Income Statement Apr 9th 18 We can further analyze Prairie Provident Resources's loss by looking at what the industry has been experiencing over the past few years.

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Company Info

Description

Prairie Provident Resources Inc. explores for and develops oil and natural gas properties primarily in Alberta. It explores for light and medium oil with associated natural gas. The company primarily focuses on the Michichi and Princess areas targeting the Banff, the Ellerslie, and the Lithic Glauconite formations in Southern Alberta; and the Waterflood project at Evi area in the Peace River Arch area of Northern Alberta. The company was incorporated in 2016 and is headquartered in Calgary, Canada.

Details
Name: Prairie Provident Resources Inc.
PPR
Exchange: TSX
Founded: 2016
CA$2,571,396
171,426,449
Website: http://www.ppr.ca
Address: Prairie Provident Resources Inc.
640 – 5th Avenue SW,
Suite 1100,
Calgary,
Alberta, T2P 3G4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX PPR Common Shares The Toronto Stock Exchange CA CAD 19. Sep 2016
OTCPK PRPR.F Common Shares Pink Sheets LLC US USD 19. Sep 2016
DB 09N Common Shares Deutsche Boerse AG DE EUR 19. Sep 2016
Number of employees
Current staff
Staff numbers
41
Prairie Provident Resources employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/28 03:24
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.