VIRGINIA HILLS OIL CORP VFGGF

PRY and the DECLINE CURVE

[veronikagermany]

THe  decline  curve  is  killing   PRY. But  this  was  expected  because  this  is  how  it  is  with  Slave  Point  formation.  PRY  is  on  one  of  the  steepest   treadmills  in  the   Canadian  energy  patch. However,  it  is  still  profitable  which  is  a  good  sign. It  can  not  make  a  share  offering  at  these  levels  though.  I  think  will  find  bottom  at  around   30- 35    cents.


Dislosure:  I  am  long  TID (Tuscany  International  Drilling)  which  is  the  most  undervalued  stock  in the  oilfield  sector  (PBV=0.17)   with  sequentially  growing  EBITDA, growing  Revenue, growing  Gross  Profits  and  growing  UT.