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Bullboard - Stock Discussion Forum VIRGINIA HILLS OIL CORP VFGGF

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."

GREY:VFGGF - Post Discussion

VIRGINIA HILLS OIL CORP > Something is up!..................................
View:
Post by bankerboy28 on Apr 29, 2013 7:14pm

Something is up!..................................

Dundee was the cross trade at approximately 1:43 Eastern time and it was at 95 cents....Dundee was also the seller for around 37000 shares again at 95 cents in the last 30 seconds of the days trading.....something is up in my opinion...and whatever it is will probably continue to drive the shareprice down further....could be buying more Slave point assets from RPL or it could be another Spartan like deal like you posted....the market is indicating that its likely going to hit the shareprice again...the price was down with oil up to over $94 and the sector up...just imagine what the price would have been today with a down day in the oil sector...BB28
Comment by Catalac on Apr 29, 2013 8:57pm
Something's down too, like my net worth being stuck with this pig over the last year.
Comment by bankerboy28 on Apr 29, 2013 9:33pm
I try to set up a mental stop loss....the rule of thumb I heard from one fund manager was if the price goes down 8% from where you bought it...just get out and live to fight another day...another fund manager said that if the price goes down 10% for whatever reason good or bad that they sell their complete position in a stock....I think it was John Stephenson that does that...especially with small ...more  
Comment by poise on Apr 29, 2013 9:58pm
The Slave Point fm declines are proven to be harsh.  It's unfortunate Mother Nature is so relentless.  Lately, water flood is now considered an act of desperation.  We need a new area or a takeover soon or else the SP will drop much further.    Jmho
Comment by bonjovi501 on Apr 29, 2013 10:10pm
I am surprised we are going south in SP but you would think this is near a bottom. Looks as if oil will be down tomorrow and a correction is in the cards according to some on BNN today and if that is the case where will we end at? Like management but this is starting to suc##k
Comment by bankerboy28 on Apr 29, 2013 10:26pm
I think the trend is down...you know its not good when PRY goes down with oil is up $1.50 ish to $94 and the sector is up on the same day....unfortunatly with a stock like this you have to hit and run...its not a buy and hold...I was lucky enough to buy on the first decline at 98 cents and then get out on the bounce back up and made 21% and sold...so PRY has made me money...but a day like today ...more  
Comment by downkarma on Apr 30, 2013 1:41am
Why is it a suprise the SP is going down? Like BankerBoy said the trend is down, that has applied to every E&P player in the small and medium cap Canadian space. The past couple years has shown all of us that without a significant push for infrastructure this space will cripple, no pipelines and increasing royalties will cripple western Canada. That may seem extravagant but in the current ...more  
Comment by waw33 on Apr 30, 2013 12:14pm
I wonder if there's any weight being given to the BC prov election may 14th...
Comment by waw33 on Apr 30, 2013 1:01pm
I would also think, that at this time there are quite a few deals out there, so some money could be getting freed up to get into some of the other plays that have been beat up. Nothing has changed with PRY, and 6 months from now the talk will be about how great everything is. When the price is down it's a calamity.. and all the oil must of ran away to international formations.
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