From Crypto To Crude: Prairie Operating's Pivot To Oil-Rich Fortunes [Seeking Alpha]
Prairie Operating Co. (PROP)
NASDAQ:AMEX Investor Relations:
pledgepcorp.com
Company Research
Source: Seeking Alpha
11min Summary Prairie Operating Co. has pivoted from cryptocurrency mining to oil and gas, focusing on acquiring and developing assets in the Niobrara and Codell formations. Despite impressive stock performance with a 140.37% annualized return, Prairie faces high operating costs and negative cash flow, making its valuation challenging. Recent acquisitions, like Nickel Road and Genesis assets, are expected to boost cash flow and production by 2025, positioning Prairie for growth. Prairie's low debt and strategic financing moves, including a $40 million stock sale agreement, provide flexibility for future expansion and operational stability. Funtay Thesis Prairie Operating Co. ( NASDAQ: PROP was originally founded in 2001 and later ventured into cryptocurrency (using natural gas to power its mining facilities), but now they've pivoted, aiming at Colorado's Denver-Julesburg Basin , going after oil-rich spots, natural gas, and liquids. I'd say they're getting noticed beca
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PROP
News
- Prairie Operating Co. Partners with ProFrac Holding Corp to Launch Electric Frac Fleet in ColoradoGlobeNewswire
- Prairie Operating Co. Announces Board ResignationGlobeNewswire
- Prairie Operating files for $150M mixed securities shelf [Seeking Alpha]Seeking Alpha
- Brian's Big Idea: Prairie Operating Company (PROP) [Yahoo! Finance]Yahoo! Finance
- Prairie Operating Co. (NASDAQ: PROP) was upgraded by analysts at Singular Research to a "moderate buy" rating.MarketBeat
PROP
Analyst Actions
- 10/8/24 - Singular Research
PROP
Sec Filings
- 11/13/24 - Form 4
- 11/8/24 - Form 10-Q
- 11/1/24 - Form 8-K
- PROP's page on the SEC website