Price n Volume Friday 12/22/18Friday, 12/22 was an interesting day. Looks like 3 large trades went off.. 200K, 400K and 200K all essentially at market prices of 8.40 canadian. This is just from Toronto tmxmoney.com website. Looks like total volume was 1,000,000 and price spiked toward the close.
Interesting as a large holder sold but apparently someone else bought those shares. Guess is a dark exchange transaction, as price did not decline or rise with those trades, but needs to be reported on exchange ticker.
My view is someone got scared and someone else got a great deal. These prices are back to the just post re organization pricing of $6.XX US, that is pre new wells, pre 70 MW, pre dividends, pre Peru, etc. Well, I wish it was me acquiring these shares, as still think PIF is trading at tremendous value. Yes, some risks but certainly cheap multiples.