BlackPearl Resources Inc. BLKPF

Phenomenal Leverage Should WTI Really Get Going

[auburn2]

Are PXX shareholders aware of the degree of leverage Blackrod affords? Onion Lake is considered Tier 1, and Blackrod isn't, but it is possible they can in a beter oil environment sell Onion Lake and use the proceeds to develop Blackrod. Of any name in my coverage sphere, the insider ownership here is at the very top. Three execs have almost $30 million of direct stock holdings at current levels. At $2, they have almost $60 million. That's a reassuring degree of skin in the game.

[auburn2]

I meant $30 million between them, not each. It seems to be one of the wealthier junior teams. They're highly regarded in Calgary.

[alta0264]

Wish me luck. Closed my eyes and added more today.

[alta0264]

c'mon everyone buy a little PXX I need some help cant do it alone!

[sbot1915]

Looks to me like oil is starting to breakout big, PXX will rise with the rest -- just slower. I dumped a bunch in Athabasca, so need to sit out here for a bit but good luck 

[auburn2]

Why do you suppose PXX will rise slower? There's next to no short interest, so there's that, but besides that, what makes you say so?

[auburn2]

At Oct 15, PXX had 25,000 short. ATH had almost 12 million short. So ATH should rise faster because of that fact alone. But you have to ask yourself why PXX has consistently been so little shorted. Why have those placing their bets chosen to go against ATH and others?

[auburn2]

Btw, PXX is spending massive capex at what looks just the right time. No other junior this size is spending nearly so much. In addition to the Lundin backing, the execs here are considered the best of the best. My suspicion is that the short interest is so consistently low on this name because there's a looming fear on that front that the company could be taken over any day. When shorting you