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Bullboard - Stock Discussion Forum Palliser Oil & Gas Corp. PSLRF

"Palliser Oil & Gas Corp is engaged in the exploration, development and production of petroleum including high netback heavy oil in the greater Lloydminster area of Alberta and Saskatchewan."

GREY:PSLRF - Post Discussion

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Post by moneyforsale on Jun 07, 2013 3:52pm

issuer bid

As palliser buys back its shares for cancellation through normal Issuer Bid , I wonder when we will know when they have been buying because technically there should be less shares outstanding . Maybe someone knows how that works ? Do the shares get cancelled as they are purchased or are they cancelled at the end of the Issuer Bid time frame which is next May in 2014. We still have  63,915 million shares out , there has been no change. I still have faith in this company and have never owned more shares than now, but I dont need any more either so Im not buying or selling ,just waiting,  GLTA
Comment by Sir_Holler on Jun 08, 2013 9:22am
You can watch Canadianinsider.com Perhaps the company should be taking the profits from the rest of this year and putting it all into buying the stock at these levels instead of into new production. The real mispricing is in the stock price at this time. The second quarter looks like it is producing very nice profits given production and oil prices as well as differentials. I don't see ...more  
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