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PetroFrontier Corp V.PFC

Alternate Symbol(s):  PFRRF

PetroFrontier Corp. is a Canada-based junior energy company. The Company is engaged in exploring for and the production of petroleum and natural gas in western Canada. It is focused on developing two Mannville heavy oil plays in the Cold Lake and Wabasca areas of Alberta. The Company has interests in approximately 16 gross (15 net) sections arising from several joint operations with the wholly owned energy companies of the Cold Lake First Nations (CLFN). The Company also has a joint venture agreement with the wholly owned energy company of the Bigstone Cree Nation (BCN), covering 1,024 gross (922 net) hectares in the Wabasca area of north-central Alberta, of which half has been earned as a leasehold interest. Those interests are located between CNRL’s prolific Brintnell enhanced oil recovery project producing approximately 50,000 bop/d of heavy oil and Cenovus’ proposed 10,000 bop/d thermal heavy oil project.


TSXV:PFC - Post by User

Bullboard Posts
Comment by mining_pays_my_billson Mar 11, 2014 11:18am
149 Views
Post# 22307819

RE:I'd like to ask a question about the " ASKS"

RE:I'd like to ask a question about the " ASKS"Technically if the asks are higher than the bids the stock price should go down. It means there's more people out there that want to sell their shares (i.e. they are "ask"ing a price for them) than people that want to buy them (i.e. they are "bid"ding on them). For example if there's a million bids at 5 cents for a stock, and theres 2 million asks at 6 cents, chances are 2:1 (2M:1M) that it's more likely for someone on the ask side to sell below their desired price, than for someone on the bid side to pay more than their desired price.  But, like you said, it doesn't always work that way- if everyone who is wanting to sell is firm in their asking price, and someone on the bid side really wants in, they will just have to pay the asking price, plain and simple. The share price you see on google finance or whatever is just a reflection of the last price that was paid for a stock, not really an indicator of the direction the stock is heading. Like with PFC for example, the price could be 22 cents, the ask is 5,000 shares available at 24 cents and the bid is 1,000 shares wanted at 21 cents. It stays there for a while, and then finally someone on the ask side caves and sells 1,000 shares at 21 cents. The share price on google will show as 21 cents, PFC is down. But really is it? It was just weak hands that sold a few shares. Buy stocks of companies that you believe in and are familiar with, and try not to be swayed too much by bid/ask. Material news is the really only thing that should move a stock significantly.
Bullboard Posts

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