RE: Very bullish today....Yeah, it's holding up very nicely and there continues to be buying pressure. It did this for a little while at about 1.20 as well before breaking out.
Yesterday, it was down partly because of herd tendancy around the correction with PON and the dip in the potash sector in general. It's important to keep in mind that PON was down due to their PP as well which is not a factor here. For WPX, there is lots of cash in the bank from the IPO and they are starting to drill. PON is on the rebound today and the potash majors are up. I think we'll see some steady gains as the day moves along.