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Palliser Oil & Gas Corp. PSLRF

"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."


GREY:PSLRF - Post by User

Comment by Marlbankon Oct 07, 2013 1:45pm
183 Views
Post# 21796891

RE:RE:Q3

RE:RE:Q3
Moved some RE money here on the drop. Not quite the cache, but compelling value. Let's say they do 3000 bop/d in 2014, 63m shares, netback $25.00, you get 43c cashflow or 27m. That probably covers 3/4ish of 2014 Capex. The real wildcard is that netback. If WCS sticks around $70 and PXL ships 2400 bop/d by rail, well then,  today's SP will look very nice indeed.
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