VIRGINIA HILLS OIL CORP VFGGF

Washing out all the weak hands.............

[bankerboy28]

all the stop losses being picked off....investors forget that Dundee is on both sides of the trade....a little bit of panic selling going on when nothing has changed fundamentally and the price of oil is up today and market is up......BB28

[waw33]

Or something fundementally has changed... we're just not the ones that know it.

[bankerboy28]

If something had changed there would be alot more selling by institutions...Its just Dundee doing a cross and they are the second largest shareholder...if there was a problem they would be dumping alot of the 11 million or so shares...BB28

[waw33]

I seriously hope you're right...  Sure did trade weird this monring, just totally stagnant... I would of hoped to see more people picking it up off the bottom.

[bankerboy28]

Yeah it was very quiet and eerie this morning especially with oil way up over $94 and the energy sector up and no buyers....and then the cross by Dundee....like you say the retail investor will be the last to know...the price has been trending down lately so thats a bit of a concern...oil is up and PRY is down...either its a great bargain or a value trap....time will tell....BB28

[downkarma]

I had hoped we wouldn't close below $0.98 after mid march but here we are. Not much cause for concern with the price action today, no panic selling. I suspect you guys are right and the big boys are moving the price around to hit stops that were set under the $1 support.     When are we expecting an update on waterflood operations? 

[bankerboy28]

Half the volume today was panic selling after the cross by Dundee....very light trading until about 1:45 Eastern time and then a big cross of 824000 or so shares and after that other half of the volume for the day was after the cross trade and price was pushed down by panic sellers or maybe very smart sellers....the other thing to think about is that the price went down and has been going down for

[downkarma]

I wouldn't consider the price action in the afternoon to be anything significant. The cross trade was at $0.96 and PRY closed at $0.95. Only 1.6 million volume. If they were trying to trigger some stops this would be a great opportunity imo.   Either way, the price has been moving this direction for over a year, it's been mentioned even if an investor believes this is dead money for a