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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. > Prices are higher than one year ago
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Comment by Saytekon Nov 08, 2014 5:25pm
207 Views
Post# 23110395

RE:RE:RE:RE:Prices are higher than one year ago

RE:RE:RE:RE:Prices are higher than one year agoPOOR EXECUTION BY MANAGEMENT

This company had it all a few years ago...  producing 2500+ boepd with high netbacks.  And then production started to decline...  no money left on credit line...  no money to drill more wells...  high declines...  and here we are, trading at 0,07$/share and producing 1350 boepd (and how they couldn't even turn a profit in q1 and turn only about 1M free cash flow in Q2 is beyond me).

NAV means nothing these days.  And current economic conditions do not favor oil companies.
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