Pennant Energy Inc PENFF

News Leak or Bargain Hunter?

[ezemoney]

Largest Single Buy order in ages has appeared.

[wintersun10]

there is a serious discrepancy in PEN's share price compared with other Nat Gas producers in general and specifically compared to DEI and BBI, so unless PEN has a serious problem that we don't know about they are highly underpriced. for as far as a leak, shouldn't we then see the same bid pattern with DEI and BBI?

[ezemoney]

I thought this was going to pop but this was a goodin...still holding.  Now what was the cause?

[wintersun10]

whatever was in the NR, was already news released or it was already filed at sedar, so not really a leak, but more an update for those that do not pay close attention......but what it did was increase the share price by 50% over 2 days. below the surface the Canaccord sell orders turned into buy orders and some new buyers showed up as well, so the table is set for some more upside, now if the

[ezemoney]

You seem to have a really good handle on what is going on here.  I suppose the update must have changed what potential is ahead?

[wintersun10]

i think the NR clarified some misconceptions about PEN, because there was no real news...