Palliser Oil & Gas Corp. PSLRF

RE:RE:RE:Is it going to zero

[roscoe74]

I tried to stink bid some shares but missed out. This period, waiting not only for annuals but also on a first quarter with absolutely no news is likely nerve wracking for some but people like me are still shaking the tree, hoping something falls out.

PXL usually releases annual audited statements around this time in April but the silence from a management team that usually proactive about disclosure leads me to believe that governance issues necessitates silence.

With all the deals going on and the interational money flowing back into the Canadian market, its difficult not to think a deal is in the works. The acquisitors like Spartan, Surge etc are looking for assets while prices are down and little Palliser isnt much of a mouthfull to digest. A deal could be very accretive to a purchaser and still leave a fair price for PXL shareholders.

Either that or the silence is due to unmanagable water cuts with very high operating costs and we are in serious trouble. 

Good luck and dont let the doorknob hit you in the heinie on the way out if its the latter.