Stocks & Markets Podcast: Inside Big Oil With Prairie Operating Co.’s Ed Kovalik
Chris Versace talks with Prairie's CEO about oil opportunities, the importance of cost structure, what to do with excess cash flow and more.
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On this week’s Stocks & Markets podcast from TheStreet, Chris Versace is joined by Prairie Operating Co. (PROP) Chairman and CEO Edward Kovalik to discuss the evolving energy landscape and how Prairie fits into it.
Drawing from his decades of experience in the energy industry, Kovalik explains the evolution of shale drilling, why he focuses on what drives oil prices, and why the actions of OPEC+ may push demand for domestic oil production in the U.S. That leads to Ed explaining how shale is the largest U.S. manufacturing business, why that makes an oil company’s cost structure important, and what it means to focus on the underexplored Denver-Julesburg (DJ) Basin.
Kovalik also shares how M&A fits into Prairie’s operating strategy and Prairie management’s views on returning excess cash flow to shareholders.
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