RE: RE: RE: RE: News On FridayI stand corrected jd on the dry well comment.
I do agree with you that that the trading down is suspicious. I would suspect that the answer is multiple things. My guess is on the one side there's tax loss selling (tis the season) and on the other side risk aversion selling to do with all the Europe debt crap. Also, with so little really known about the Alberta Bakken at this point there's still a significant amount of risk due to the small amount of wells actually drilled and the even smaller amount of results released from those wells.Add on the delay on details from the Coulee well and now possibly the Kip one.
I think that these could be some of the relevant reasons for the SP drop.
JMHO
van