Palliser Oil & Gas Corp. PSLRF

Question for Roscoe...

[uwinsome]

PXL is mainly heavy oil. Cardinal produces mainly medium grade oil and the assets they are buying in Wainwright are also medium oil. How does the difference in price per barrel effect your calculations?

Another question: why would a buyout of PXL fetch up to $1.61 when the SP is currently under $.13? Wouldn't most shareholders agree to Buyout of let's say double $.25??

[roscoe74]

Its all mere speculation based on data available, uwinsome.  I thought it rather a rich deal. PXL, obviously will not fetch $1.61 with the market allowing ~ 50% NAV for small caps less debt. The NR about this amalgamation looks to me on first reading like the management team selling out the shareholders to hold on to their jobs. Directors are also filling pockets with fees before sending