Some interesting trading today, last month
interesting seeing UBS buying, they have bought 186,000 in the last 30 days and sold none. RBC are net buyers of 1,393,000 in the last 30 days, number one buyer. Pershing bought 222,600 and sold none, and this is usally European buying. leede has bought 101,000 net. Trading is interesting because time is running out. Company has no hedges in place, company has not drilled in 6 months, and they have a debt maturity in 6 months. Consensus is for a weak pricing structure this fall, means they need to do a deal now for the company. Trading suggests that. Another move into the offer, taking it back to 10c would get my attention,