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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

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Post by bullsonmonday on Jun 21, 2013 3:57pm

contrarian

If this baby keeps falling I will continue to double down.

Truth of the matter is the wells are not at all horrible paired with netbacks and production rate could and should go higher with the waterflooding. Added, management is not incompetent either. It is a speculative stock no doubt but one must take a bigger risk to see a bigger bang-- you'll win some, you'll lose some. Life goes on.

I personally do not see reason to sell this stock right now though. If you are truly invested in PRY you understand that it isn't a short term hold. Markets are cyclical and patience is required. Hold through 2013, see where it is at, assess the risk yourself, and buy more meanwhile if you are confident. Do your own research and don't listen to numb skulls. Boards like stockhouse are only good for the exchange of important and pertinent information. If you are here to bash or wildly promote a stock then in my opinion you are not really here.

Comment by blue_eagle on Jun 21, 2013 6:59pm
au contraire.. too many shares traded sub 70 now...new fresh money isn't rushinh till almost end Q4..real boed increases have to appear...risk is high now ..why buy at 63..maybe hit 45 by October Symbol Period       Inspect     Date Open High Low ...more  
Comment by blue_eagle on Jun 21, 2013 7:03pm
NCIB has't started..insiders..Wade..pick up 1 trade only..peanuts...what do the in-crowd know about sub-standard performance with the waterflooding.?
Comment by blue_eagle on Jun 21, 2013 7:12pm
the sizzle is well out of this story..let the eternal optimists load up and marry this play..seen it so many times before..all the Wade worshippers and Albertan die-hards..that's what will happen...soft production...>.hard landing on reality pad by Xmas....majority of investors who bought into this deal will never listen to Pinecrest promotions ever again....baby has gone with the ...more  
Comment by bankerboy28 on Jun 21, 2013 8:31pm
bullsonmonday....well said!....I agree with your comments....the fundamentals are strong and management is sound....they just need some time.....if it stays this cheap much longer..it becomes a very tempting target....I also agree that readers of the board need to filter out what is valid information or reasonable opinion and just ignor all the rest of the drivel ranting posts....like you say ...more  
Comment by blue_eagle on Jun 22, 2013 9:17am
"fundamentals are strong and management is sound"..oh yeah..? Charts for Pinecrest Energy Inc.  (V.PRY)    $ 0.63 0.00 (0.00%) Volume: 231.77 k 3:59 PM EDT Jun 21 ...more  
Comment by Iamwcw on Jun 22, 2013 10:08am
This post has been removed in accordance with Community Policy
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