Palliser Oil & Gas Corp. PSLRF

RE:RE:Nice Move:

[Sir_Holler]

"Slow and quiet...  this one remains off the radar.  In other situations hiring PR is often a desperation move, but not so bad in this case, the burn rate is pretty small,"


With 8 analyst's followng it I don't think it is off the radar. I don't think it is burning cash either as the financials about to be released should show. One analyst expects a $.04 profit for the quarter. This is a company producing profitable growth at current oil prices and production levels, and strong and consistent growth too over the long haul. With the $20 differential of WTI to world oil prices having vanished, and the $40 differential of Canadian heavy oil prices to WTI having normalized, Canadian heavy oil prices have doubled off their recent lows to ~$90. This pricing is holding and there is a return of confidence. Buffet just announced an investment in Suncor. PXL should release its financials at any time showing the improved pricing, along with the improved production after last quarter. Rail is opening new options, and piplines are being planned. The bitumen bubble has popped for now and money is rushing back in. Renmark has been hired to help out ahead of the financials. Insiders have also purched PXL. Look for a strong quarter, and potential increased guidance.