It is not consolidation...Nor is it the commodities market. PTA 's price is suffering because it is actively courting controversy. The problem is self-inflicted and entirely avoidable. When your corporate secretary resigns in favor of an arm's length relationship, that is often a sign that the internal machinations are a mess. Alberta based energy companies are very deliberate in maintaining a gold standard of governance. They do not miss self-imposed deadlines. They do everything in their power to rise above. With the exception of PTA, it seems. The market has decided that they are a pariah and has been extracting its pound of flesh for some time. I suspect small retail buyers are beginning to wake up to this now and are cutting their losses. That is my view. If I were corporate counsel and the CFO, I would be terribly embarassed. They set their own deadline and shat the bed. So before anyone gets on their soap box about how I dont understand reserves, earnings before taxes or the ambiguous yet oft-quoted 'big picture' there is one fundamental that trumps them all. The ability to manage well. And PTA doesn't have it.