PETRUS UP 10% AGAINOne trade went through of 334,000 shares @ 11:25am, I do not have Level II but it appears that right now there are about 10000 shares at the bid @ 2.13.
More importantly, the share price has hit a new 52 week high intraday with a print of 2.75.
I expected some softness after the monthly announcement of slightly reduced production, considering the jump this week, however, there is buying interest coming in, and, has been indicated on this board, monthly average production is in line compared to first 3 months of this year, with expectation that drilling activity may increase production significantly, even with reported modest natural declines, month over month, going forward.
Also, the monthly report just issued showed big increases in prices paid for all categories of production, I like it.
IMHO the prices for product from Canadian O+G will only increase from here, so long as the Green movement continues to dominate Western leadership dictates, witness the Davos crowd doubling down on Green energy right now, even as Germany/Europe is on the cliff edge of an energy crisis going into this summer and especially this fall, sad for the Euros but they need new leaders who are energy realists who understand transition to total green is unrealistic now and likely for a long time forward.
Unfortunately, for the average citizen, the rejection of fossil fuel energy is leading to economic ruin and deprivation, but the Davos crowd will continue to fly into thier virtue signaling confabs in their private jets, same as it ever way, do as I say, not as I do, sorry for rant, but it is economic suicide for too many, just look at the fertilizer/food issues alone in regard to energy shortages, no bueno.