RE: yeah its a bit of a no brainer This will be over $2 in 2 years.
Its all about this HVL technology in which PXL have worked very hard to improve and obtain consistent results.
Industry experts have been awed by the consistency of this process..
HVL is completely counter intuative to most technical people in the patch.
Others have tried and failed.Some have seen great results but dont understand why or what to do next.
There is a disciplined methology to this process.
PXL might be the only company setting up HVL pods with dedicated,pipelined salt water disposal facilities and doing this on more than a single well basis.
So basically this gives Palliser a competitive edge.
Just imagine what can happen here if they can indentify ideal land packages in which this technology can be applied.
The land capture phase kicks in.
This is an intensely competive industry and often companies are unable to divulge much.
Imagine a poker game with the stakes in the tens of millions of dollars.
It frustrates shareholders who are only looking for progress on a quarter by quarter basis.
So hang tight , be patient and enjoy the ride.
GLTA
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. Western Canada Select around $77 a barrel.
Heavy oil companies should be printing money at those prices.
Last year at this time it was $68 a barrel.