RE: Fund managers / Price action
It would have been nice if we were trading at the PP level but i think the short term speculators decided to move on.
Maybe they felt the price would stagnate after the news and got out , loss or no loss and looking to get back in at a lower price.
The low volume indicates to me that people who had a look in the data room or are in the know are not in any hurry to sell. Some of these people also saw value in the company to price the pp at 9.05
You never know maybe the likes of Baytex , Deven or Apache decide we're in their way and decide to take a run at WFE
just saying.
To each his/her own , once the capex gets rolling we should catch up to the highes.
GLTA
777