nice show of strength, why? It's good to see the relatively minor resistance to todays surge on relatively moderate volume. In looking at the charts, there would appear to be some minor technical resistance at about $4.20 but we'll have to get through the $4.00 hump first.
Another possibility for the strength could be a possible sale of the Sawn Lake property. I have no idea if the company would like to divest itself of this asset but if oil prices were up in the $100 range, it would add maybe $35 to the NAV of POE based on P2 reserves.
A close today of $3.80 pending a news release Monday morning of positive L44 deep results would suit me fine!
Have a good weekend all,
Zorgon