Tamarack Valley Energy Ltd T.TVE

TVE sell off this morning

[MightyPoPo]

I am hearing Ninepoint Partners was holding more than it's funds are allowed so had to dump about 2 million shares...

[rico91]

Where did you hear that?

[MightyPoPo]

A contact in the investment industry who is generally reliable passed along the information but cannot confirm 100%

[MigraineCall]

I patiently wait for days like these.  No news. Someone getting out of a big position, driving the price down in an illiquid market.  If it is Ninepoint, or whomever, I'll take them. I don't look a gift horse in the mouth. Bought 200,000 shares already, 100,000 more if it comes back down further.

[60606060]

I like this opportunity. Bought twice so far this morning. Yahoo likes TVE big time.

[riski]

I doubt it's Nuttall. He does have his own rule (or ninepoint does) about no position being more than 10% of total fund assets, but he can bend his own rules if he wants. He wouldn't accidentally buy too many.  I wonder if Brian is working on an acquisition? Brian has been very active in M&A second only to Fagerheim at WCP.  The market hates acquisitions right now, but it

[Hoover69]

That 2 mio shares would bring him back to his 10% ownership "rule" so that may be the driver.

[CandyC]

Ninepoint had about 10.7% a few days ago. They are only allowed to hold a max of 10%. I suspect that they had to trim to somewhere between 9-9.5% to give it some room to get back up to 10%

[60606060]

The extra volume and SP discount could be a trade that was prearranged and submitted today. See if you can find out which house bought a large contract.  As far as the company, all the experts believe TVE is a jem and ready to pop.

[robert41]

Huge cross pre market 32.6 million shares rbc to rbc. Would love to know what's behind that...been watching tve a while and buying some over the last few weeks. GLTA

[BOMAS]

Based on Canadianinsiders.com   Arc Energy fund dumped 28.7M shares  today and I guess RBC picked it up?

[Relaxrelax]

For Arc to unload that amount of shares and for the stock to just go down .02 is an indication how strong this company is.  Stock should be set up for a strong run now.

[pennydredful]

All    BS   posted  here .  It   is   ARC   managed   funds   selling   .   After   a waiting   period    3-6 months ?    they   can  unload   more    .   These  are   vendor take back  shares

[Seppelt]

I just checked SEDI insider filings. It is showing two transactions by Arc Energy Trust, -28+ million shares. Strange, that is more than daily volume.

[Relaxrelax]

Thanks!  Great news!  Arc's holdings were an overhang on the stock.  They are a private equity firm not a stock fund so them getting out of the way makes sense.  This really isn't a statement against TVE in my opinion.  They like to have a more hands on approach with their money.