Palliser Oil & Gas Corp. PSLRF

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[moneyforsale]

New lows are not making me happy but
Are things that bad ?
NAV is around 1.50
140 unbooked locations
unbooked resource potential 2.31 a share at 62 cdn well head
increased rail shipments with new clean oil treatment facilty
third quarter delays will result in production additions in the fourth quarter
Sounds like things should get better
Do we back up the truck or just keep nibbling at new lows,averaging down, I dont know anymore

[seanyboy]

By the logic of PXL's compensation Tim Cook would be drawing like a 10 billion dollar salary.  The market is clearly disgusted with both poor performance and overcompensation of management.  Book value means nothing if management is just using the company as a means of cashing out.  "Pleased to report" in the last NR continues to look disgraceful.  At some point