GREY:PSLRF - Post by User
Post by
rakethis1on Feb 22, 2012 10:55am
363 Views
Post# 19566434
yeah its a bit of a no brainer
yeah its a bit of a no brainer to hold this one for a while. It has management with a good pedigree that grew a previous company pretty quickly and sold for a nice premium, it has virtually no exploration risk, it is already growing at a nice clip and it has a relatively new technology/approach to producing existing heavy oil projects. The HVL technology will probably turn out to be as much of a game changer for heavy oil as horizontal fracking has been for resource plays.
We just turned boring old 50 barrel a day heavy oil wells into 200 barrel a day growth projects that should create a corresponding growth premium in the company's shares.
It is bizarre though I agree, trade millions of shares on a low volume trader and there were virtually no posts.
maybe communication will get a little better now that option prices have been fixed.