Block tradesThere have been a number of block trades in the past week or so in the 1.62 - 1.68 range on the TSX. Someone is filling an order and I would suspect that because of the low volume, it would take a while to fill. My guess would be we trade in the 1.60 - 1.70 range until oil moves significantly or until we get the next earnings. That might be a good range for a swing trade or two.
This would be the first full quarter with oil prices steady above the $50 level, so the ER should be interesting.