Added to YB: 2026-02-10
Pitch date: 2026-02-06
PROP [bullish]
Prairie Operating Co.
+8.29%
current return
Author Info
Fundamental Digest is an independent investing publication written by Kenny Chan, founder of Korwell Capital. I am a value investor. I look for stocks with a tangible margin of safety or a significant discount to sustainable long-term earning power. Sign up for the newsletter.
Company Info
Prairie Operating Co., an independent energy company, engages in the acquisition, development, and production of crude oil, natural gas, and natural gas liquids in the United States.
Market Cap
$108.6M
Pitch Price
$1.81
Price Target
8.12 (+314%)
Dividend
N/A
EV/EBITDA
6.14
P/E
-0.83
EV/Sales
4.06
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Prairie Operating (PROP): Near-term Asymmetric Refinancing Catalyst
PROP: Oil producer at $103M mkt cap despite 23k boe/d production & $1.3B PV-10. Toxic Series F preferred triggers 399M share dilution March 26 unless refinanced. Current $1.72 price implies 35% discount to PV-10 even if diluted. Redemption upside to $8.12 ($161M cost). Insiders own 32%, bought $7.5M shares recently.
Read full article (5 min)