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Energy Oil & Gas E&P

"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."

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Palliser Oil & Gas Corp. > Maha Deal will get done

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Post by indoubtgetout on Oct 15, 2014 11:54am

Maha Deal will get done

do you think MAHA are a bunch of children playing in a sandbox? These are serious people with serious backers. Why would they quit now?? They are getting PXL for pennies on the dollar as it is....nearly free!!! the deal will get done and hopefully down the road those that stuck it out with PXL will get rewarded.

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Comment by jd43xl on Oct 15, 2014 1:14pm

But that deal was done before all energy stocks got hammered. So PXL isn't worth any more than today's trading price. The combo might be worth more down the road, but why not buy one of the much superior energy stocks, that are trading at a discount, that you can quantify today?

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Comment by indoubtgetout on Oct 15, 2014 1:36pm

No I don't think so. Oil was say $100 when the deal was done. Western Canada select was probably not much higher than now. PXL was in a liquidity crunch with a NAV of about $1.60 at the time the MAHA deal was done. I guess you either don't remember or you have not done any homework. So the deal on the table now is still greatly in favor of MAHA!! The deal will get done and PXL will be back ...more

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