RE: What happened on Friday?What happened Friday???
My observations on Friday is you have good upside buying on the bid side on three stocks. To the south Corridor CDH, also on the bid side for the first time in ages was CEX Contact to the north.
Check out PTWR as they seemed to have a boost in volume also on the bid side Friday. Interesting all three would be in sequence for the first time ever!!!
PTWR has the other half of oil hill at Stoney Creek bordering CEX, they got that lease last year, no idea as to why CEX would do seismic on land they did not pick it up, CEX did a 3D over a lot of PTWR ground and also did a 2D on PTWR ground this season. If this oil heating things works it will benefit PTWR greatly. Perhaps a connection the fridays trading? If it does not work then PTWR do not suffer.
On the other side PTWR has the leases from CEX to the north, north west, south and south west and to the south all the way over to Corridor.
Oil workers here in Moncton that work on the rigs say a rig is coming back to drill several wells for Stealth in NS, one at least for Contact in NB and a third company in Albert county NB, that third compnay would have to be PTWR. The drill crew plan to work east till next year with the rig.
The last rig in the area was Precision #176 and it is somewhere in Quebec they say it will to head east. Could be that one has been retained for more work.