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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

Post by thedave2006on Sep 11, 2013 6:32am
298 Views
Post# 21731712

disasterous for year or more

disasterous for year or more
as witnessed by sp erosion.  many times traded them, overall performance wasnt too good....now debt is still too high, o/s shares getting higher and production still only at about 3-4k boeds exit as per guidance.  well costs are less but still probably high.  probably need more dilution in years to come a la financings to going.  therefore, many other names much better in same sector than pry.  once burnt, twice shy....isnt that the old saying with investors?

cheers,
dave.
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