RE: Still waiting for pipeline news. It's not really no news, the interview with Wade that was recently conducted implied that the pipeline will happen, and provided confirmation that it is actually under construction. Barring really bad news (the pipeline does NOT come online mid to late summer of 2013) that means the potential for 45,000 bpd is very much a realistic expectation. Risk driven investors are therefore going to start piling into the stock in expectation of the positive pipeline news, as 45,000 bpd would drive the pps up into the upper $3-$4 range (in Canada, an oil company with 45 bpd at the pricing Mart is getting, factoring in their costs and participation rates, would likely be $8-$9 per share).
The momentum up is very likely a result of that interview and the expectation that there will be positive news forthcoming. The problem that exists is that if there is no news shortly, or the 4th Quarter is worse than expected, it will do a number on the runup.
Neu Grufti
https://neugrufti.blogspot.com