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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. > Share holders ripped off again
View:
Post by Oilwiz0007 on Aug 07, 2014 12:47pm

Share holders ripped off again

The major problem of poor management is still not fixed. Watch the same management group repeat the over spending without added oil revenue. First item is to get rid of Kevin Gibson and Glenn Taylor who have next to minimal heavy oil experience. No reservoir management team will equal no success. Major production declines ahead and operations still use propane for high fuel costs. If oil prices drops this company will owned by the banks. To Jenny: Hopefully your job at PXL pays you to write those ridiculous statements. 
What a joke!!!
Comment by 8675309Jenny on Aug 07, 2014 12:55pm
if you think the old management is running the show, you are dreaming. lots of buyers for your shares, put the up for sale and move on. living in the land of bitterness is a very bad idea. paliser is dead, this is the Swedish show now.
Comment by 8675309Jenny on Aug 07, 2014 1:04pm
by the way, you realize that there will be no bank debt, so the ole bank debt scare will not work. practice reading the press release, maybe a little research. please phone Canaccord and ask them why they have bought close to 2m shares, against you advice?
Comment by testy1 on Aug 07, 2014 4:37pm
I intend to vote against this.  I doubt they have the votes if the small share holders don't support it.  Their best hope is most share holders won't vote at all.
Comment by roscoe74 on Aug 07, 2014 6:18pm
testy, 14% of a billion dollar company is worth a lot more than 100% of SFA. The brain trust at Palliser are not saying anything but the credit review of May 2 likely resulted in loan calls if not for this reverse takeover. The PXL types have an opportunity to get in front of this cluster and explain what went wrong rather than hoping it will all go away. Maybe Swedes are dumb enough to buy the ...more  
Comment by testy1 on Aug 07, 2014 6:47pm
Roscoe, you like the deal, then vote for it.  I won't be voting for it. Your speculations about the credit review are laughable.  Without any direct knowledge you're breaking wind and want the share holders to suck it up. 
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