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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 > Just a glance
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Post by counterintuitive247 on May 22, 2013 12:29am

Just a glance

I cant find a reason not to invest in this management.  Huge netbacks. What a great deal at these levels.  Easy double by year end and more if it gets bought.
Comment by poise on May 22, 2013 1:07pm
Management does not have the power to change mother nature.  $3.8 million a well and production down to 15 BOPD afte a few months clearly will not work. Netbacks irrelevant.  Merge wll happn soon.  Stay tuned. 
Comment by dean68 on May 22, 2013 4:15pm
where do you find the information on your decline rate.  yes the declines are high but I see nothing that shows declines to 15 barrels after a few months?
Comment by waw33 on May 22, 2013 6:36pm
That's cause they don't. Don't listen to him, he's just trying to bash to get cheaper shares. The macro picture is why PRY and every other oil producer is beat up. If you like the fundementals, pick your entry price and sit a limit order there. If I had my 50k back .80 would be where I'd sit it. There's nothing wrong with the company, the reserves, the declines etc. Nothing ...more  
Comment by bankerboy28 on May 22, 2013 8:49pm
The key phrase is long term play....John Stephenson was on BNN market call and basically said if you wait until the summer is over and look into the fall timeframe and even wait for tax loss selling time it would be a much better time to buy into energy stocks..he even mentioned Baytex at around $40 now saying that if investors wait they can pick it up cheaper after the summer....basically every ...more  
Comment by CEKR on May 23, 2013 10:43am
Where do you see production down to 15 boepd after a few months?  Do you have a well location? Thx