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VIRGINIA HILLS OIL CORP VFGGF

Energy Oil & Gas E&P
"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 by User

VIRGINIA HILLS OIL CORP > high debt a problem???
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Comment by splurgeon Mar 11, 2013 10:37pm
93 Views
Post# 21114064

RE: RE: high debt a problem???

RE: RE: high debt a problem???

When I spoke to them some time ago when the stock was much higher but still down after the failed takeover, they were really surprised and had no explanation as to why. Now they must be shocked. Essentially this has gone from a premium multiple in the top range to a low discounted cash flow multiple at the bottom range of all their peers. Multiple should improve somewhat if waterflood becomes a larger component of their production is my guess. Pension funds that have 0.5% weightings now are tossing it out not worth the trouble to explain to clients at pension fund meetings.

cheers

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