Tourmaline Oil Corp (Alberta) T.TOU

Something Happening with TOU?

[integrity11]

3 days in last week the first trade of the day has been significant. May 6  - 3.3 million, May 10 - 7.1 million and May 13 - 3.2 million for a total of 13.6 million shares traded in 3 trades which is equivalent to 4% of total outstanding shares (351.5 total shares). I think a company is accumulating shares . Of course it also means others are divesting shares. Is this related to short covering or one (or more) companies trying to accumulate a significant share volume? Or is it just that some large funds see the future value of TOU and are trying to accumulate for the future forecasted large increase in share value?

Very interesting ! Regardless this fine company is going up, with only occasional small drops followed by speedy recoveries IMO.

[Lupuslupus]

If you are going by the graphs on volume here on SH, they are not acccurate compare those days with the volume charts o yahoo finance, you'll see a much different breakdown

[integrity11]

The fact is there are some much larger than normal volumes of shares changing hands. The average daily shares traded is 2.4 million per day. May 3 - 13 million traded, May 6 - 8 million, May 10 - 9.2 million and May 13 - 5 million traded..  I think this is positive, but it would be interesting to know who is accumulating. I think TOU is too large to be taken out, Dunernay was pretty large

[Lupuslupus]

Yes there has been heavier than normal volume i was simply replying to your original post that these volumes were done on just a few trades. I was simply saying the volume was done over many trades throughout the course of each day