Palliser Oil & Gas Corp. PSLRF

New Reserve Report - NAV 49c a share FD

[8675309Jenny]

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[diggerbull]

I think a person needs to look at the market in a whole. Heavy crude has a slim margin if any at all, probable means nothing right now and the line of credit which is secured by the assets is in major default. I would value these shares at $0.00 unless a miracle is to happen and some sucker can buy the property or Company to payout vendors, services debt obligations, cover the company’s absurd

[gaserx2]

Yes, and that sucker will be someone with a huge position on their cash balance sheet. They can payout all the debt and eliminate the entire management team and all the corporate headquarters. All they have to worry about then is pumping the oil out of the ground with the existing manpower. In other words they wind up with the assets and an amalgamated company. This adds additional cash flow to an

[mexmillion1]

Does anyone know if the planned amalgamation with Maha is still in the works, I have not seen any NR to that effect for along time...GLTA