Palliser Oil & Gas Corp. PSLRF

Palliser Oil & Gas Corporation Reports Third Quart

[uwinsome]

https://www.theglobeandmail.com/globe-investor/news-sources/?date=[phone]&archive=cnw&slug=C8280

[Tapp]

I was hoping for better fiscal results.  Producing more oil is good but you still need to make a profit.

[Sir_Holler]

"Producing more oil is good but you still need to make a profit."   They hedged ~1/2 of their production over a period of time, and must mark these contracts to market at the end of every accounting period. Given the volatility in oil prices the value of these contracts can be substantial. They had an unrealized loss of $4.319 million on these contracts this quarter. Take this out

[Sir_Holler]

"The Company has also developed well past the basic HVL 'pod' model. Numerous 'pods' have multiple salt water disposal wells per facility, with the largest 'pod' currently having 11 producing wells, with salt water disposal through one central facility." Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31780797&l=0&r=0

[Sir_Holler]

I think the key takeaways are: - High Volume Lift works. It has now been demonstrated over 3 1/2 years. Watch for a reserve update as analysts have stated. The prior update was conservative. We could get two years of reserve updates in one year. - PXL is profitable now before full optimization and economies of scale. - This company can grow aggressively. It has demonstrated very strong per

[corvette67]

Agree %100. What's not to like. Discount to NAV, low multiple to cash flow, probably understated reserve, growing production= lots of upside with little downside. An ugly day = opportunity for the right stocks. Did buy some more today and don't really care where it ends up today. GLTA

[retiredcf]

Also agree and was pleased to add more this morning at $0.68. GLTA

[1buck]

I'm in too. I think there is only one way from here .. .UP.

[wilee27]

the fun bus is leaving, get on and enjoy the ride!