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Petrus Resources Ltd (PRQ.TO)

TSE:PRQ

Petrus Resources Ltd (PRQ.TO)

1.79
+0.02 (1.13%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
4 watching
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BUY

Progress Energy Resources Corp(PRQ.TO)

Jul 15, 2009
Almost a pure natural gas play with the best balance sheet. Seems to have bottomed around $9. Riskier than average play. Gas needs some kind of catalyst such as a cold winter or hurricanes.
Photo of Bruce Campbell (1)Bruce Campbell (1)
Owned
Unlock Rating
$9.40

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
TOP PICK

Progress Energy Resources Corp(PRQ.TO)

Jun 25, 2009
Western Canadian natural gas play. Really good balance sheet. Will probably go sideways if gas prices don't move.
Photo of Bruce Campbell (1)Bruce Campbell (1)
Owned
Unlock Rating
$10.56

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
DON'T BUY

Progress Energy Resources Corp(PRQ.TO)

May 20, 2009
Likes the company and management is superb. Fabulous production and fabulous land. However, it is mainly gas and he sold his holdings. Would consider at $7-$8.
Photo of Glenn MacNeill, P.Eng.Glenn MacNeill, P.Eng.Unlock Rating
$10.55

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
HOLD

Progress Energy Resources Corp(PRQ.TO)

Apr 15, 2009
Will keep growing. If valuation keeps continues to grow, lighten your holding.
Photo of Joanne A. Hruska, CFAJoanne A. Hruska, CFAUnlock Rating
$9.44

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
COMMENT

Progress Energy Resources Corp(PRQ.TO)

Jan 16, 2009
Merging with ProEx Energy (PXE-T). If you are in it for high yield, you might want to switch out of it and move into a higher yield. If the yield is not a big factor, continue to hold. Huge land spread in northern BC.
Photo of Joanne A. Hruska, CFAJoanne A. Hruska, CFA
Owned
Unlock Rating
$8.75

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
WAIT

Progress Energy Resources Corp(PRQ.TO)

Jan 05, 2009
In a trading level of $8 to $9.50. 4.4% yield. Wouldn't Buy until it breaks out above $10. If you want to Buy, put an order in at $8.50. Use $7.50 as a Stop.
Photo of Jeff Parent B. Eng. FCSI CIMJeff Parent B. Eng. FCSI CIMUnlock Rating
$9.17

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
HOLD

Progress Energy Resources Corp(PRQ.TO)

Jan 02, 2009
(Market Call Minute.) Recently combined with ProEx Energy. They just have to work this through.
Photo of John StephensonJohn StephensonUnlock Rating
$9.20

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
BUY

Progress Energy Resources Corp(PRQ.TO)

Dec 18, 2008
Merging with ProEx Energy (PXE-T), which he likes. This brings certainty to the trust.
Photo of Dennis da SilvaDennis da Silva
Owned
Unlock Rating
$8.25

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
BUY

Progress Energy Resources Corp(PRQ.TO)

Dec 17, 2008
One of his favourites. Natural gas. Looking at the total payout for CapX and distributions, it is sustainable even though you are going to see distribution cuts on $50 oil. Not taxable out until 2012-2013.
Photo of Peter BriegerPeter Brieger
No
Unlock Rating
$8.99

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
HOLD

Progress Energy Resources Corp(PRQ.TO)

Nov 20, 2008
Being acquired by ProEx Energy (PXE-T). Excellent management and have some great resource plays in the Montney. Merger should help production growth. Great tax pools.
Photo of Michael Simpson, CFAMichael Simpson, CFA
Owned
Unlock Rating
$7.86

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
HOLD

Progress Energy Resources Corp(PRQ.TO)

Nov 18, 2008
Being acquired by ProEx Energy (PXE-T) through a share exchange. It's their way of handling the conversion to a corporation. Payout will be reduced when it becomes a dividend paying company. Would hope this would be more acceptable for unit holders than the company going through an expensive legal conversion to a corporation.
Photo of Michael SprungMichael Sprung
No
Unlock Rating
$8.80

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
WAIT

Progress Energy Resources Corp(PRQ.TO)

Oct 31, 2008
(Market Call Minute.) Looks like it is bouncing along the bottom here. Could have a cut in distributions but the yield, even after a cut, will still be pretty good. Wait and see.
Photo of David CockfieldDavid Cockfield
Owned
Unlock Rating
$9.60

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
HOLD

Progress Energy Resources Corp(PRQ.TO)

May 26, 2008
A very gassy trust so with gas over $12 MCF, this company has had a nice recovery. Well managed and good properties but given the recovery upside will be less than it was. Suspect there could be a distribution increase later this year.
Photo of Bruce Campbell (1)Bruce Campbell (1)Unlock Rating
$14.61

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
BUY

Progress Energy Resources Corp(PRQ.TO)

Apr 16, 2008
Has a wonderful inventory of assets that they can develop over the next few years. They’re farm-in and management partners with ProEx Energy (PXE-T). One of the best drilling and management teams in the western basin. Latest results show record production. A little concerned with the debt, but given commodity prices, this can alleviate a lot of balance sheet concerns.
Photo of Ben ChengBen Cheng
Owned
Unlock Rating
$13.74

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
COMMENT

Progress Energy Resources Corp(PRQ.TO)

Feb 26, 2008
This is his favourite stock in the gas area with exposure to North East B.C. tight gas. Be cautious about buying natural gas stocks in February as it is coming into the shoulder season.
Photo of Sandy McIntyreSandy McIntyreUnlock Rating
$13.39

Stock price when the opinion was issued

$1.79

As of Jun 04, 2026. Market Open.

oilgas
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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at: [email protected].

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