TOL Buying opportunity 1- low S/O
2- low or zero debt
3- great success with oil assets
I'm very happy with the results from central and western Lochend and new Kaybob lands
I guess the markets wants to see reserve (P&P) to come up with SP targets, and we should see engineering reports in the next 2 months but in the mean time, I'm buying more on any weakness or pull backs.
This is very early stage and they have the 3 most important factors,in todays O&G markets, and I forgot to mention good management also.
The big blocks are big boys buying in early for either a run up in SP or a future takeover, oil produciton juniors will get taken out but first they need to drill as many oil wells are they can to de-risk their lands and get full value for their shareholders.
hold on to your shares and buy more is my opinion