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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

Palliser Oil & Gas Corp. > Week past there expected date to release an update.....
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Post by traxbyweb on Feb 06, 2014 8:59am

Week past there expected date to release an update.....

It amazes me how management can not release something on why the delay of providing an update or get an update out on time.   After some real poor performance managment confidence is something they need to protect and not think it doesn't matter by missing their own set date for releasing an update..      Professional traders invest in management and then in the projects they have, without good management it doesn't matter how good the project the share price will not go far.
Comment by Oilwiz0007 on Feb 06, 2014 10:02am
Point well said 'traxbyweb'. This management group is waiting hoping that something good will happen soon so they can release positive info. It's very ironic that the first few years nothing was ever blamed on the weather. Now the last few operational updates blame weather for the production short falls in all honesty probably not the real problem. Missing production targets continue ...more  
Comment by roscoe74 on Feb 06, 2014 1:22pm
A bit harsh. There hasn't been much time since the last update so waiting for more comprehensive numbers makes sense. Considering that high lift involves pumping and disposing of significantly more produced water, extremely cold weather may result in delays but one should assume the system is engineered for this yearly occurence. The salt content of the produced water should also lower the ...more  
Comment by traxbyweb on Feb 06, 2014 9:58pm
Management set there own target of Jan 31 to provide a new update.    My point was if you set a target to release updates then provide an update of some kind, don't just ignore the date and leave investors wondering why.....its just bad management to say you will do something and then don't do it without an explanantion.     I don't think it was harsh ...more  
Comment by waytoomuchred07 on Feb 06, 2014 10:28pm
Just wondering if anyone has tried to contact them to see why they missed the date? That might be a first step. As for cold weather slowing them down, no. Everything is heated to 60c right away. Tanks and above ground piping is all well insulated, and the pipelines are two meters deep. Everything should bring flowing smooth and I believe weather is a poor excuse. 
Comment by roscoe74 on Feb 07, 2014 11:27am
OK, I agree with your assessment from that point of view. A microcap with $6 mil left on their credit line should not be making any mistakes and you have sussed out a very avoidable one.
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