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Palliser Oil & Gas Corp. PSLRF

Energy Oil & Gas E&P
"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

Palliser Oil & Gas Corp. > Maha backers showing little strength
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Comment by Rawliekinson Aug 12, 2014 7:44am
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Post# 22831098

RE:Maha backers showing little strength

RE:Maha backers showing little strengthCan't imagine Bonner saying anything positive on this deal.  He is a long hold and went on record saying he was hanging in for a sale.  With a $1.80+ NAV, that would have unlocked real value for shareholders.  Not this "amalgamation" which gives away the company for a song.  Now this special situation will be driven by news and data.  If PXL management is wholly transparent in its next financial and operational statement, that by itself might drive the price up to $0.30.  But if management from both firms remain opaque about the deal, the price will languish and small retail investors might vote against this deal out of spite. 
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