RE:Oil up ARX flatPlease note that it was not long ago (less than a year) that TOU was ‘up one day and in the toilet the next’. It did break out.
High volume typically preceeds price movement. When earnings go up, share price will go up. This occurs after the initial short squeeze.
Oil price needs to stabilize for investors to believe earnings will improve. The 7 generations merger will add more oil revenue potential. Be patient.