Palliser Oil & Gas Corp. PSLRF

RE: RE: RE: RE: RE: Stock price

[bshort92]

Can't argue with your analysis on PXL.V being possibly under valued. The market has high regard for heavy oil powerhouse BTE (producing 54,000+) boe's/d. Intermediate TBE is producing presently 17,200 boe/d and they get a significantly less valuation (over half) what BTE commands yet they have made a series of acquisitions both public and private of many heavy oil concerns in each case paying around $32K per flowing boe.They have more or less set the bar on heavy oil asset sale valuation metrics. RE trades much less than that as does PXL.V. TBE pays an 8% dividend monthly. RE and PXL.V do not. BTE pays out a 6%+ dividend monthly. I guess it pays to be a big player and to pay out a nice dividend. BTE has grown exponetially in the past seven years hence them being rewarded with a rich valuation. They have in excess of 250 mboe reserves plus are paying out .22 monthly per share and have a huge inventory of heavy oil drilling prospects....to be honest their inventory is massive and they have under $800 million of total debt. So the balance sheet is in great shape. TBE is only a year and a half into their dividend paying model. They had a production shortfall in January but they have a clean balance sheet plus they are aggressivly hedging production like BTE and they are gettng their transport issues in order by ramping up additional rail handling capability. Both outfits could be eyeballing PXL.V for that matter RE as well. Heavy oil also has some solid private operators as well like Rife Resources, Northern Blizzard and Gear Energy. So PXL.V could be a takeout that would allow their shareholders to be stakeholders in a larger concern perhaps a dividend paying one and could even fetch a premium on the share price if the suitor was eager to buy their production, inventory and reserves.