Bullboard - Stock Discussion Forum 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."

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Palliser Oil & Gas Corp. > cheap valuation

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Post by RIG500 on Dec 13, 2012 8:55am

cheap valuation

We will be getting our 2013 guidance by the end of january.

In 2013, PXL will likely average 3,100 boes which based on $65 WCS (inc hedges) comes out to $0.40 per share.

Basically, we are trading at < 2.0x CFPS multiple. HVL is working as expected and the company is shipping 400 bopd by rail in December.

The question is, when will the market reward PXL?

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Comment by Sir_Holler on Dec 13, 2012 11:30am

the company is shipping 400 bopd by rail in December. Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31904332&l=0&r=0&s=PXL&t=LIST#RJyIvsttbw5lAdjU.99 I haven't seen that stated anywhere. Is that from talking with the company? How much do they plan on shipping by rail in the future? The problem right now is the virtual total breakdown in ...more

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Comment by RIG500 on Dec 13, 2012 11:46am

That's from talking with the company yes. They're looking into increasing the volume but no word on how much or when. A collapse in WTI to $50 may happen. On the other hand, in mid-13, new heavy oil refinery capacity in the US midwest is coming online. Until then, PXL's 1H-13 hedges at WTI $105/bbl will certainly help....

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Palliser Oil & Gas Corp.