Palliser Oil & Gas Corp. PSLRF

RE: RE: PXL $1.50 Target Affirmed by Casimir:

[Sir_Holler]

It looks like PXL is headed for a record quarter in Q2 in terms of fund flows and profits. Production has ramped up nicely to 2,600 barrels, per day, placing it near its all-time record. Western Canada Select differentials have markedly improved vs. Q1, and are set to average about $20 this quarter. That is a substantial improvement vs. last quarter. PXL also has significant production hedged higher than the current market price($104), and growing rail shipments which are further adding to margin. With production back up, and the end of winter costs are expected to be on budget, and the debt is actually falling with profitability. They are set to beat their annual guidance as they invest the extra cash into year-end as they said they would do in the last news release. This company looks like a sitting duck right now for being acquired, or another BNN pop on a recommendation, etc. Insiders have also been purchased shares. It is a ways from the next quarterly, but the market should want to get ahead of the next quarterly sometime over the coming weeks; until then the stock may be stuck in the $.40s. The Keystone XL pipeline decision also looms which should help with long-term investment decisions.