GREY:BNKPF - Post by User
Comment by
9th0on Oct 21, 2013 3:01pm
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Post# 21834415
RE:Another Good Day!
RE:Another Good Day!Hi,
BNK Petroleum was actualyl one of the companies that PKN Orlen had on their short-list to JV with but that was until PKN Orlen picked a different junior to JV with.
Personally I think that one (or more) of the following holds true:
a) Fund got interested and they decided to splurge and buy some shares last week and to wait and see what happens - with no news pending. By the sheer amount of shares that was traded (bought) the price moved up
b) There is some decent news pending from Caney
c) BNK Petroleum will be granted the drilling permit for Gapowo in Poland, this somehow got through and as a result, whoever decided to buy some shares on heavy trading last week bringing the price up
I guess one should continue holding and see which one of the above (may be even none) were the result of the recent momentum.
Cheers,
9th0