PODCAST: Talking All Things Oil With Prairie Operating CEO Ed Kovalik
Kovalik returns to the TheStreet Pro Podcast to give an update on Prairie, including its pending acquisition, long-term demand opportunity in fossil fuels, and what gives the company an edge.
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On this episode, Ed Kovalik, Chairman and CEO, of Prairie Operating Co. (PROP) returns to TheStreet Pro Podcast. The conversation with Chris Versace kicks off with an update on Prairie over the last few months, including its pending acquisition of Nickel Road Operating (NRO), which will put the company on the path to having 30 wells in operation by the end of 2024 and another 45 exiting 2025.
Kovalik also shares more on Prairie’s medium-to longer-term operating plan, including how the company intends to eventually reward shareholders, and why its lack of balance sheet leverage gives it an edge. He also discusses the long-term demand opportunity with fossil fuels because of growing power demands due to AI, data centers, EVs and EV charging, and other factors.
