Palliser Oil & Gas Corp. PSLRF

RE:PXL pattern

[MikeOxLong7]

Looking at the two year chart I sure don't see 40c to 65c two or three times a year?!?  Maybe you are looking at a different chart?  If you look at the two year chart buying close to 40c and selling above 65c would have worked out once in each of the last two years.  The pattern I see seems to be honing in on mid 0.5s.  Oct/11 to Apr/12 approx sp $0.75, Ju/12 to Aug/12 0.45, Aug/12 to Jan/13 0.65, Apr/13 to July/13 0.47, July/13 to Se/13 0.59.  But I don't beleive this recent sp drop wasn't due to any pattern effect.  It was the weak Q3 production which was weather related plus they had a one time expense of the oil cleaning facility which is a nice value add into the future and allows PXL to ship up to 75% of their product by rail.  I added 30,000 shares at 0.53 and 33,000 at 0.51 this week.  I'm still adding so I hope it drops under 45c but I don't think thats likely.  In the current pricing environment PXL could rake in cf over 40c plus they have significantly reduced their exposure to wcs diffs and have access to waterbourne pricing due to their high use of rail.  I'm long PXL as it has a strong sp/cf metric and a high discount to NAV with lots of HVL upside. GLTA