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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."

GREY:VFGGF - Post Discussion

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Post by bonjovi501 on Jan 14, 2014 3:57pm

Whats Up??

nikehercules.........I will be buying back in at .17 as I believe we should see some insider buying. Tomorrow should be an interesting day for PRY as this will show which direction we are headed. If Wade sits pat then there is more problems then we know. I would not be surprised to see this unloaded within 6 weeks. I can see production falling further and the debt is not to good. Wade had to know that things were going badly and that is why the share price had so much pressure as of late. If a sale is going to happen it should be quick otherwise this should go lower. The worst thing that could happen now is oil to fall further or to have a mini correction. Are you going to buy nikehercules?
Comment by nikehercules on Jan 14, 2014 5:13pm
I am on the fence with this one, but leaning to a "No Thanks". I didn't put all that much money into PRY (about $5k) back at 0.70 and sold at around 0.60 when it looked like this was another junior in trouble. Bonjovi - at that time I believe you were just getting worried. I read one of your posts and decided not to waste any more time on PRY. Given my small position I didn't ...more  
Comment by bonjovi501 on Jan 14, 2014 9:48pm
nikehercules.....good post and you have brought up a good view. I sent an email about 3 months ago to Wade and said that production would be falling and he would exit Dec. with 2000 boed and he was a little miffed.  I was not far off and as you say where will it be after 1stQ of 2014? We might be under 2000 boed as the waterfloods actually are not up to par. I am sure Wade knew this but acted ...more  
Comment by londry on Jan 14, 2014 10:10pm
This post has been removed in accordance with Community Policy
Comment by Catalac on Jan 14, 2014 10:43pm
I think you hit the nail on the head wade told the same story to friends and family that cannot afford the hit they've taken. I'm not sure why I known him for a long time and yes cpg and pry peerless gave many of us a false sense of trust. Given the money they've personally dumped in I think they must be truely be incompetent. I'm interested to see if the management and directors ...more  
Comment by nikehercules on Jan 15, 2014 1:15am
BonJovi...if this thing hits 0.17 and you buy, what do you think will drive the price higher, other than the RSI? Will it be: a) Wade & Co. buying b) A buyout - $130 million to retire debt & another $65 million for mopping up the shares @ 0.30 If it is b) Why would anyone buy PRY in its current state? I understand PRY has reserves, but if they can't be developed economically it ...more  
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