RE:No Merits in ClaimOregonduck wrote:
It does seem questionable that Management would write off all its oil assets that were once valued at $7 billion and drove it straight into bankruptcy. For instance, certain Colombian oil field that was jointly owned with Talisman Energy was written off to zero by Talisman while Pacific was still showing that field has millions of bbl in reserve years before the CCAA filing. You cannot be half-pregnant with half the field empty and the other half full of oil. Perhaps ,with the many M & A deals made by Mangement in growing reserves, they were all smoke-and-mirror deals just like the ones perpetuated by Enron. In essence, there never were reserves worth billions. Writing them off the books would certainly cover up the track.
I buy this stock with financial information , communication and i sur one more this compagny undevaluated ,
next step split 3 for 1 and up asset value ...
pacific add 1.1b$ of long term debit in 2015 ... why ??!! where is money ???