VIRGINIA HILLS OIL CORP VFGGF

RE: So what happens to the shareprice??

[bullsonmonday]

bankerboy...

my personal opinions, in large part macro--

the news release wasn't all that important. it didn't state anything particularly confounding. the pps rose slightly but not on any real dramatic fashion and with little volume. to me that shouts, "I'm headed back down!" in the short term, i guess it all comes down to what you will believe will come out of the quarterly though, no? it is interesting when you look at 6-month MACD though... pretty much converging right now so the a good quarterly should bring a jump in my opinion. i don't envision that it will be a good quarterly though really... maybe an ok quarterly but i don't expect fireworks or anything. that's just my take on it right now. also, i think the jump will only test the 1.00 ceiling first... that might fail and then we'd be back down to low 90's or into the 80's from there eh?

i agree with you about the correction but i think beyond a correction, the markets still are golden until october or maybe november. to be honest i think we bernanke takes off at the turn of the year, the market will definitely see some major pain. that's my prediction. what's interesting right now is that there isn't an overwhelming amount on small investors in the market yet again. as that number continues to increase it'll reach the level where i'll sell my equities and sideline for a cyclical market bottom...  following the fed closely too, considering the market's circumstances.

truly though, i think the major thing holding back pinecrest is all the commotion about natural gas... "the energy sector's diamond of the times" blah, blah, blah. it's rising to superficial prices in my opinion because a) it doesn't run the world like oil does b) there is a plethora of supply side that has been continuously forming so in a rational scenario it will drop again when the market realizes it's own superficial demand in relation to actual demand. natural gas is a 2-3 decade investment at this point in my opinion and i think oil is still a better place to put money right now... or elsewhere for that matter. (there are a lot of sectors you can be getting decent returns right now besides energy)

i suppose you could add transport and the pipeline issue in the press to realized downside. as far as logistics concerning PRY, I'm not so worried as long as the netbacks are staying near the level that they are at. also the fact that a lot of people think the US is going to be oil independent from now on so in their thought-- "Why should I invest in Canadian oil when I can invest in oil here in the states?" Obviously that doesn't necessarily vouch for Canadian thought but I think that that's a general mentality of PRY in relation to other oil plays of similar size within the US itself. Canadian oil is on the backburner until further notice. If oil as a commodity rises and takes the energy spotlight again I see no reason why PRY won't be spilled into again to take a ride. I feel the momentum will sift through the US oil plays first though and hit Canada like a wave.

good news? i don't think china is going to stagnate at low levels of GDP growth. economically it is focusing inward and i think it most certainly can right now. all in all, china is pretty much holding up the boat right now i'd say. aside from that piece of information that probably isn't news to anyone... the global demand for oil has by no means decreased.

i'm hoping for PRY in the 80's or even upper 70's because I still have cash that I'll gladly pile in at those levels. i think it will hit the 80's, barring some crazy surprise with the quarterly...

cheers!

-RL