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Pace Oil & Gas Ltd T.PCE



TSX:PCE - Post by User

Comment by zagorskon Apr 20, 2012 12:33pm
327 Views
Post# 19817050

RE: What happened

RE: What happened

      I am still with you echo.    

     I agree the stock is very undervalued but it trades so very thin that a small amount of sales can sink the price quite a lot.     

    Oil production is rising but only at a modest rate. I think that in order to move the stock price they will have to show they are having very good success one of their key project areas. This would bring about a more substantial increase in their oil production  and stock price.   

   About 2 months ago someone bought a lot of shares and ran the stock price up above $6.00 and now they seem content to let the price slide. Maybe they will show up again and give us a boost in the price at these levels.  Maybe their current road show will also bring some buyers in.   

      

 

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