VIRGINIA HILLS OIL CORP VFGGF

Q3 results are out

[Fullblast]

No signs of a buyout going forward..
https://www.pinecrestenergy.com/pdf/PR%20November%2028%202014%20Q3.pdf

[stockwrestler]

It seems to me now a longer term HOLD at these levels: "Pinecrest continues to optimize and expand its water flood project areas in the greater Red Earth area. The primary focus of the Company's available capital will be on these projects for the remainder of 2014 and early 2015 due to their superior long term economics versus primary drilling." and from previous NR 

[Catalac]

Frankly I was surprised they held the boe where they did. If Becker has quit (or ousted) depending on the spin it may be a chance for some sp recovery.

[Fullblast]

I too was surprised to see the production level holding on. If they can manage to deleverage the company it would also be a good news, especially with the declining price of oil. The creditors are still onboard too.

[kingfisher7]

I am also pleasantly surprised with Q3 results and see this as a turn around point for the company going forward.Spending is finally under control and debt is slowly declining while still keeping an acceptable BOED.I'm expecting we will hear more news shortly in regards to credit,management shuffle and partnership or sale of some assets and/or company.With current assets minus liabilities PRY

[righand2]

Need I say more?