Palliser Oil & Gas Corp. PSLRF

oversold?

[RIG500]

PXL has excellent hedges on 50% of their production, they can still realize their budgeted oil price, remember these guys did not overpromise. The stock is nearing the 1x CF level of 2012 and is trading below CFPS for 2013 using a similar budgeted price. 

The selling continues, I wonder where the bottom is!

disclosure: long tons of PXL, GLTA

[wilee27]

this stock tells you just how f@#ked up the market is. Doing the best they ever have with the lowest op costs and at the lowest price. Makes perfect sence to me. Looks like it could be a 5 banger to me!

[fatcharlie]

exactly why I am in.  Picked up more at .43 this morning.  This one has the potential to turn quickly  it would not surprise me to see a 10 to 15 cent jump in one day because of the jittery markets.  Oil will not stay long at these levels all it would take is for Saudi Arabia to cut production or that crazy Iranian President to start talking about his nuclear p@nis thing he'

[investorfreedom]

I agree with your sentiment on PXL.. It could easily jump 15 to 20 cents.. they have some debt they better deal with quick.. especially with oil falling from the sky. This is a last ditch attempt by Obama to get back in.. when it becomes reality that he is about to get bounced.. oil will rocket back above $100 and PXL revenue will pop.. Just read a free eBook that breaks down the hot spots and

[uwinsome]

Let's not forget the hedges that PXL has put in place. They didn't look all that attractive when they made the move, but it sure does now. That will go a long way to maintaining their debt levels and capex for 2012.