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Palliser Oil & Gas Corp. PSLRF

"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

Comment by RIG500on Jan 30, 2013 4:43pm
106 Views
Post# 20914087

RE: RE: Cheap valuation ?

RE: RE: Cheap valuation ?

WCS pricing at $64 and change...discount should shrink with new refinery demand coming online mid-2013. 

2013 Scenario: avg production 3,200 boed 98% hvy oil

realized price of $60/bopd & $22 per barrel opex > profit $16/boe or $18M in CF

the company would CF ~$0.30/sh so right now we're trading at 2x CF.

How much will hvy oil prices recover in H2-13? that's the key here...

 

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