VIRGINIA HILLS OIL CORP VFGGF

So what happens to the shareprice??

[bankerboy28]

thats the big question....the new release had an almost confused reaction...is it good news or bad news and the result is the price stayed the same...the price has come down over the last month from about $1.20 recovery to where it is now 94 cents after it dipped to 88 cents..

If  the results and outlook are nothing spectacular...then we will float in the low 90s....if waterfloods results are good and  outlook is confident then probably go back into the 100s and rise up through out the summer maybe back to 120s...if there is any hiccup in results or sugar coating then we could head back into the 80s...

the other lightning bolt could be an overall market correction of 5-10% which many fund managers are predicting and expect as the north american indexes are at all time highs...even with good results we will go down...its just the way it is...when the market corrects...all reason goes away and investors just sell into the panic...time will tell...BB28

[bullsonmonday]

bankerboy... my personal opinions, in large part macro-- the news release wasn't all that important. it didn't state anything particularly confounding. the pps rose slightly but not on any real dramatic fashion and with little volume. to me that shouts, "I'm headed back down!" in the short term, i guess it all comes down to what you will believe will come out of the

[terroir]

Thinking about the release: Unlike PWT's recent announcement, the Board announcement is nothing of note The financial side is good and bad, good that they were able to syndicate and expand the facility indicating that financial covenants are met and no reserve downgrade on the horizon, bad that the risk got too hot for a single bank, bad that they needed expansion and only got $10 million.