Prospera Energy Announces CEO Departure and Strategic Focus

The latest announcement is out from Prospera Energy Inc ( (TSE:PEI) ).

Prospera Energy Inc. announced the immediate departure of its CEO, Samuel David, who also resigned from the Board of Directors. The company’s strategic direction will now be led by the Board and other key executives, with a focus on optimizing low-decline heavy oil production from Saskatchewan pools. The announcement is part of Prospera’s ongoing efforts to enhance its operational efficiency, despite challenges posed by record cold weather impacting its service rig operations.

More about Prospera Energy Inc

Prospera Energy Inc. is a Canadian energy company focused on the exploration, development, and production of crude oil and natural gas. Based in Calgary, Alberta, the company employs environmentally safe and efficient methods to optimize recovery from legacy fields in Saskatchewan and Alberta, including Cuthbert, Luseland, Hearts Hill, and Brooks. Prospera is publicly traded on the TSX Venture Exchange and the U.S. OTC Market.

YTD Price Performance: 33.33%

Average Trading Volume: 355,942

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$17.08M

Find detailed analytics on PEI stock on TipRanks’ Stock Analysis page.