OTCPK:BLKPF - Post by User
Post by
uwinsomeon Dec 02, 2013 10:00am
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Post# 21959267
Why a 30% Rise in SP Over The Last 2 Weeks
Why a 30% Rise in SP Over The Last 2 WeeksIt could be nothing, but I doubt it. WTI oil has gone down 15%, Western Canadian Crude spreads have widened as of late. It is also a seasonally weak time for oil and tax loss selling time.
Volumes have been higher combined with a 30% rise don't make much sense right now.... Unless...
My humble guess would be that there is JV partners sniffing around, imminent approval of one of their applications, possible new favorable financing developments or takeover talks brewing. Let's not forget that the last quarterly report was a good one.