GREY:PSLRF - Post by User
Comment by
Oilwiz0007on Apr 02, 2014 12:21pm
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Post# 22400601
RE:RE:trading move to .40-.42 by April 1, 40% return
RE:RE:trading move to .40-.42 by April 1, 40% returnI agree 100%. The entire management needs to be changed. The mind games from PXL management have been exposed. Poor reservoir planning and poor operations have cost PXL lower production and higher expenses. If you have high propane cost then utilize the casing gas that is produced with the oil to eliminate propane usage. Take a page out of any heavy oil operator in the greater Lloyd area that use free casing gas for fuel. Blaming higher propane and weather issues is bogus. Let's be honest and get to the root of the problems and fix them . PXL needs to restructure management, then stay on task with optimizing costs and development with highest net back projects. This stock has been my biggest loser to date and if nothing changes it will continue to tumble.