someone is buying.... but...more are selling.... well actually there is a buyer and a seller for each transaction, obvioulsy... but also it is obvious there is more trying to sell, hence downward pressure on share price. it is clear their removal from a big index is causing selling pressure.... BIG money in in index stocks... and being removed means selling... more then usual and might go on for longer as the index funds do not have to sell that day of removal... or before it happens... they will try to unwind before to long though.
It does present a buying opportunity. This is a good company, but similar good companies also look good. Torc is good, whitecap is bigger but good... baytex has great assets but hair on it... high torque though... lots of good oily companies on sale... so really a plethora of opportunites to chooose from... I just like this one... cause it has a bit better metrics I like. Just wish they could maybe sell their Cardium junk... redeploy the cash into better things... but they chose what they chose..