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Pace Oil & Gas Ltd T.PCE



TSX:PCE - Post by User

Comment by pennydredfulon Feb 07, 2013 10:27pm
213 Views
Post# 20955866

RE: RE: RE: RE: RE: OT0911

RE: RE: RE: RE: RE: OT0911

Mr.  Buchanan   has  been  the Lead  Director  of   Pace   since  its  formation  almost   3 years   ago  .  In  that  time   the  stock   has  declined   from    11 per  share  to  3 .  If  he has   been  part  of  the  problem   at  Pace  as part  of  that  team ,  how  can he   be  possibly  part of  the  salvation    through  his  debt  ladened entity  Charger  ?  19  out  of  20  dividend  paying oil  and gas  companies  have  been  unsustainable  because the business is  capital  intensive and  the  underlying commodities  are  volatile   leaving  no  room  ( or  sense)  for  a sustainable  dividend  .   The   only   I   recall   being  a  success   is  Baytex   .

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