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Bullboard - Stock Discussion Forum Petrocapita Income Trust C.PCE.UN

Energy
"Petrocapita Income Trust is a Canada based oil and gas exploration and development company. The business activity of the group includes acquisition, exploration, exploitation, development, optimization, enhancement, production and processing of petroleum and natural gas and related products. In addition, it is also involved in the development of heavy oil and water disposal wells... see more

Bullboard (CSE:PCE.UN)

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Post by bullmarketson May 09, 2019 9:59am

bankruptcy

as i stated many years ago. this company is  a joke and the ponzi was going to end. bad assets from the get go.   Safeway INc probably not going to get all their money as a secured ...more  
168
Post by DazeTrad3ron Apr 04, 2019 2:18pm

Rumour of buyout?

anyone hearing what's coming?
75
Post by DazeTrad3ron Apr 04, 2019 2:17pm

NEWS: Strategic Alternative Results 03-22-2019

Petrocapita Announces Strategic Alternative Results and Ongoing Challenges GlobeNewswire•March 22, 2019 CALGARY, Alberta, March 22, 2019 (GLOBE NEWSWIRE) -- Petrocapita Income Trust (CSE:PCE.UN ...more  
168
Post by DazeTrad3ron Apr 04, 2019 2:15pm

FORM 7 –MONTHLY PROGRESS REPORT February2019

FORM 7 –MONTHLY PROGRESS REPORTFebruary2019Page 1FORM 7MONTHLY PROGRESS REPORTName of Listed Issuer: Petrocapita Income Trust(“Petrocapita” or the “Issuer”)Trading Symbol: PCE.UNNumber of Outstanding ...more  
100
Post by bullmarketson May 31, 2017 8:56am

operating loss of 3 million ( 1 million/month )

and net cash used in operating is close to 600k/ month..  like flushing money down the toliet.
166
Post by bullmarketson Apr 22, 2017 7:31pm

production was only 200 barrels

on Feb 8, that was down from over 300 when palliser was bought. including financial expense they were losing 300k/month. will wait for financials.
188
Post by bullmarketson Apr 22, 2017 7:10pm

JUNK

this is pretty close to a ponzi scheme. if not for the continual raise, it would already go under, was losing 200-250k per month.  assets suck, and there are some many better operators.
149
Post by SamuelSamuelSamon Aug 24, 2016 3:18pm

News

Good afternoon, Does anyone have any more information that they can share about this company? They sure seem to have a lot of wells! I think about 600.
197
Comment by bullmarketson Jul 11, 2016 9:29pm

RE:RE:billion shares

There is a lot of abandonment liability. And they should start holding director liable for it.  I wish them well, but I can see this bankrupt in no time 
213
Discussion
Comment by bullmarketson Jul 11, 2016 8:38pm

RE:Pallaser deal

I was on the market for a long time -- 18 month or so-- so no one was really interested.  Will have to wait for a quarter of financials , but I doubt it's making money  and there is ...more  
267
Discussion
Post by SamuelSamuelSamon Jul 08, 2016 1:38pm

Pallaser deal

Afternoon. Does anyone have an opionion on their latest purchase? Sounds like they are getting it real cheap!
291
Discussion
Post by bullmarketson Jul 05, 2016 5:33pm

billion shares

ugh.. buying nothing but junk..  losing money,  high fees , high G&A
292
Discussion
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