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VIRGINIA HILLS OIL CORP VFGGF

"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

Comment by waw33on May 22, 2013 6:36pm
154 Views
Post# 21428676

RE: RE: RE: Just a glance

RE: RE: RE: Just a glance

That's cause they don't. Don't listen to him, he's just trying to bash to get cheaper shares.

The macro picture is why PRY and every other oil producer is beat up. If you like the fundementals, pick your entry price and sit a limit order there. If I had my 50k back .80 would be where I'd sit it. There's nothing wrong with the company, the reserves, the declines etc. Nothing has change for PRY, just the macro outlook for Canadian Oil until Keystone and Northern Gateway get resolved.

Also worth nothing is the US monetary policy has created a guarenteed profit for the S&P 500 . The price of those assets will go up until Bernankee says otherwise, which means invesment firms money is better off there where they are making a guarenteed killing. This is why I keep saying once we see the big correction in the S&P we'll see PRY and it's peers begin to rally.

If you're looking for a longer term play your couldn't ask for a better value than PRY at 80 cents.

 

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