RE:I want and expect a pullback...LOLPullback - Not sure it's going to happen. But I often post a msg like this only to have egg on my face. Oh well.
Perhaps there will be a sudden attempt to pull the bid floor as soon as they announce the amount. As I have also sold some trading shares in the .31-.32s, I will be right there should any house decide to bring into the low-mid .20s again.
However, my core is well over 200k shares. I too have been playing the spread and have found the trading so thin I find myself setting both the bid and ask at times for the past 2-3 weeks.
Selling at ask is easier than buying at bid ..Not many willing to sell even at .30
You're right of course, with regard to the 30 buck oil, - royalty will be low. Be that as it may, we have had a nice rise in price in both crude and modestly so in share price which I think is attracting the quieter and smarter astute investor. One that recognizes the value here.
And as you know, oil is ANYTHING but stable .. the robots (read HFT algos) care not for any fundamentals, this is as much of a political story as any.
GLTY /all