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Bullboard - Stock Discussion Forum 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 Discussion

View:
Post by silverT on Dec 04, 2012 6:15am

seanyboy

I thought you were here to bash..........guess I was wrong, my apologies. You seem more on top of financial matters than I..........myself I look at the ratio of assets to liabs and cap.. to generate funds.
Comment by 1buck on Dec 04, 2012 9:18am
If you are not a basher what are you doing here, seanyboy ? If it's that bad why don't you sell your shares and move on ?
Comment by seanyboy on Dec 04, 2012 9:44am
You totally misunderstand me 1buck.  It annoys me to no end when companies I see some good reasons to buy throw up red flags.  In my mind, PXL has plenty of opportunity but they are overleveraging - same mistake as before the company recapitalized - (when shareholders lost everything 3 years ago, in case you don't know what recapitalization means.)  I see no way it can survive ...more  
Comment by 1buck on Dec 04, 2012 11:28am
"I see no way it can survive either a price shock to oil or a significant failure to execute, simple as that. " So you are looking for value in a company you don't trust. Why do you post here anyway if you didn't invest in it ?
Comment by seanyboy on Dec 04, 2012 9:04pm
"So you are looking for value in a company you don't trust. Why do you post here anyway if you didn't invest in it ?"    You have a lot to learn grasshopper.
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