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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

Palliser Oil & Gas Corp. > trading move to .40-.42 by April 1, 40% return
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Post by 8675309Jenny on Feb 18, 2014 2:02pm

trading move to .40-.42 by April 1, 40% return

I have spent some analytical time on recent trading on this during the weekend, combined with fundamental outlook for the business. there are basically only 2 sellers holding the stock down, First energy, and National Bank. however, on a 30c stock, and a solid market, they don't hold all the cards, or even close. analysis of trading and technical and based on who has been buying and selling, and the price of oil, and oil differentials, I expect a pretty quick move up. once through this overhang at 30c, it will move quickly to 35 before another pause, much shorter this time. I backed this up with a purchase of just under 400,000 shares last week, adding to positions. may buy more, even more likely to more at 32. always run with a runner
Comment by MikeOxLong7 on Apr 01, 2014 3:18pm
Just remembered to call Jenny for a good time... not good advice.  Are you still holding on to this issue Jenny?  I still don't see upside here even though sp has fallen so dramatically.  Problem is the large debt combined with the large hedging losses which is going to severely limit cash flow.  Looks like hedged volumes in Q1 might even exceed production volumes ...more  
Comment by Oilwiz0007 on Apr 02, 2014 12:21pm
I agree 100%. The entire management needs to be changed. The mind games from PXL management have been exposed. Poor reservoir planning and poor operations have cost PXL lower production and higher expenses. If you have high propane cost then utilize the casing gas that is produced with the oil to eliminate propane usage. Take a page out of any heavy oil operator in the greater Lloyd area that use ...more  
Comment by jdgreat1 on Apr 17, 2014 11:34am
What are feeling now?  Sounded like you know something... Actually i guess you had no idea. They have to quickly find a buyer, otherwise going to toilet soon...