This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Hey everyone, been awhile since I've looked into the mineral/mining sector, but I have a full-fledged DD on my latest stock to watch...
Prairie Operating Co. (NASDAQ: PROP) has positioned themselves to capitalize on rising U.S. energy demand while flying under the radar of most investors.
Since going public in 2023, $PROP has been executing a strategic expansion in the Denver-Julesburg (DJ) Basin, one of the most prolific oil regions in the U.S. They’ve secured 30,000 net acres in a prime spot, surrounded by major players like Chevron, Occidental, and Civitas—all while avoiding federal land restrictions that often slow down operations.
Their approach to development is aggressive to say the least. With 501 identified drilling locations and 169 already permitted, they have a clear pathway for production growth over the next decade. They are focusing on oil-rich formations, particularly the Niobrara and Codell zones, which have historically yielded strong oil returns across the basin.
Key Strengths Driving Growth
- Strategic Positioning: Operations in a premier oil region, away from regulatory-heavy federal lands.
- Financial Backing: A $1 billion reserve-based lending facility secured from Citibank, providing liquidity for expansion.
- Experienced Leadership: CEO Edward Kovalik and President Gary Hanna have built and scaled multiple public energy companies.
- Scalable Production: A long runway of drilling locations, ensuring consistent output growth.
On the financial side, Prairie remains in an early but promising stage, with a $56.6 million market cap and revenue still ramping up. $PROP's asset portfolio and funding structure position them to capitalize on rising oil prices. Investors looking for a growth-focused energy play might want to keep an eye on this one.
With oil markets tightening, President Trump in office, and Prairie’s drilling program accelerating, it wouldn’t be surprising to see $PROP gain more attention soon.
Communicated Disclaimer: Not financial advice—always do your own research.
Subreddit
Post Details
- Posted
- 2 days ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/Wallstreetb...