Vancouver Pump and DumpFor months we had been hearing about PEP drilling the Bakken and that is what was pumping the stock. They misled on the results of those wells as they are obviously incapable of production - zero production has been reported to date. If they are dusters then they are dusters. No oil then say no oil. No they say "evaluating under tight hole status" They are not evaluating nothing. Its misleading to say tight hole meaning there is something to protect. The only thing they are protecting is how crappy their wells are.
The market crash - well thats another topic.
Now we are going to start pumping the sale of a (meaning one) DHT to Oilsands Quest. Sale for how much? Severe discount just to get one sold. Doubling their units... one doubles their units. Wow. You know they just keep misleading. Telling little bits of just the best possible spin and leave all the rest out. Vancouver pump and dump at its worst.
Losers.