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Palliser Oil & Gas Corp. PSLRF

Energy Oil & Gas E&P
"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."


GREY:PSLRF - Post by User

Palliser Oil & Gas Corp. > Level 2
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Comment by RIG500on Jan 04, 2013 12:51pm
190 Views
Post# 20798311

RE: RE: RE: RE: RE: Level 2

RE: RE: RE: RE: RE: Level 2

If WTI plunges, the shale revolution in the US is over. No one makes money at $60 WTI, let's not kid ourselves. Companies are having problems dealing with debt at $85 WTI. Of course it could happen and if you believe it will you need to stay out of oil companies. WCS prices should improve in H2 as more refining capacity is coming online ie in 6 months or less.

For PXL, it depends on the location of the producing property. There's one property where it is easy to ship by rail and another where the cost of trucking production to a rail terminal negates the benefit realized by railing oil.

 

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