CGX Energy Inc V.OYL

TRIPLE BOTTOM

[CLOUDER]

THE fun is about to start,imo. maybe a little more pain,   maybe not.

[Dirksidetrack]

CMA Markets say that when volumes are high and bid-ask spread is tight then there's lots of "liquidity" in the markets and good for both buyers and sellers. Those who want to get out can easily do so and those who want to buy in can easily do so. Bid-ask for most of today was about 1 penny. So many longs must of cashed in some of their positions. But definite resistence at about $1

[dragonfly454]

Dirk you speaking like a strategic thinker there homme..no wonder they think we are one ..lol ..dust up indeed ..notice how the pumpers and dumpers faded out..?

[Dirksidetrack]

Yeah Dfly I saw what you referred to - the high bid volumes at price less than ask price. Means price is likely to continue down. Dump & dump. Lol. Yeah CMA talks about bidding or asking the price down. Bidding it down occurs when there's a pent up demand to get out.I guess there were a lot of people waiting for the chance to do so. I didn't see it at the time but since hindsight is 20

[jada13]

Yes Pacific Rubiales was a great company chopping thier way through the jungle to where Frontera sits now. :)

[Dirksidetrack]

Yes jada13 my wife is from those jungles and has seen the numerous times insurgient groups have blown up the Cano Limon - Covenas pipeline. It's a lot more peaceful now. But operating costs for PRE must have been horrendous. As an aside, because I shouldn't be talking about other plays, maybe keep an eye on Colombia for opportunities. They're down to only 600,000 bbl/day production