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Palliser Oil & Gas Corp. PSLRF

Energy Oil & Gas E&P
"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."


GREY:PSLRF - Post by User

Palliser Oil & Gas Corp. > re; re nice
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Comment by bshort92on Apr 20, 2012 11:08am
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Post# 19816487

RE: RE: RE: RE: RE: RE: RE: re; re nice

RE: RE: RE: RE: RE: RE: RE: re; re nice

You have to bank on the US Seaway pipeline being reversed sending the glut of crude bottlenecked at Cushing, OK onto the US Gulf coast for more worldwide distribution.Lets hope WTI begins to trade closer to the price of North Sea Brent. Secondly you have to like PXL.V for it can drill inexpensive say $550 K wells, at shallow depths say 500 to 800 meters vertically requiring no fracture costs and can get pay back in short order. Heavy oil differential discounts should close up beginning in June once Seaway gets reversed.

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