Investors moving from Heavy to Light Oil due to WCS priceSaturn relatively better investment due to extreme (currently over $30) WCS to west Texas differential.
Soil stock price Resistance at $2.70 as investors of the last offering that were burned by the price drop take this opportunity to break even. Expect stock to move up quicker after we hit $2.80 or so.
I believe this company may have one of the best free cash flow yields in all of western Canada, but we need management to start promoting that fact.
All just my opinion.