GREY:PSLRF - Post Discussion
Post by
retiredcf on Jun 04, 2013 11:19am
Bill Bonner
is scheduled to be on tomorrow's Market Call Tonight. As it's the longer show, I have no doubt that PXL will be mentioned and/or people can call in. Below are the related comments from his last two appearances. GLTA
| PXL-X | | 2013-04-16 | PAST TOP PICK | Bill Bonner | (A Top Pick Jan 2/13. Down 33.8 %.) Pick this for its exposure to the narrowing differential between heavy and light. Since his recommendation, the company has come to market with a small equity issue, which tarnished the buying appetite. Still likes. Could become a takeover target if the stock price stays down here.   /
| Price:
$0.480
Subject:
OIL & GAS
Bias:
BULLISH on ENERGY
Owned:
Yes |
| | PXL-X | | 2013-01-02 | TOP PICK | Bill Bonner | (See comment on heavy oil.) Produces oil in the Lloydminster region and ranks 3rd amongst all plays in the basin in terms of rate of return. Have managed to lower operating costs by 40%. Also, implemented “high volume” lift which typically increases recovery from 5%-10% to 10%-20%. Trades at 3X cash flow. Returns on projects are well in excess of 60%, even in terms of today’s heavy oil price. Currently have about a $30 net back on their production per barrel, even with the current spreads. Target price of $1.25-$1.50 in 12 months. /
| Price:
$0.710
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes |
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